subject
Mathematics, 31.05.2020 06:59 jolayemihazeez97

If money is invested for a short period of time, simple interest is paid using the following formula.
I = Prt

P represents the money invested, or principal amount, r is the simple interest rate, and t represents the time, in years, the money is invested.

Given P = $2,500, r = 3%, and t = 6 years, how much interest is paid?

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 16:10
Abox contains 1 plain pencil and 4 pens. a second box contains 5 color pencils and 5 crayons. one item from each box is chosen at random. what is the probability that a plain pencil from the first box and a color pencil from the second box are selected? write your answer as a fraction in simplest form.
Answers: 1
question
Mathematics, 21.06.2019 20:10
The constitution gives congress the power to create federal courts lower than the supreme court higher than the supreme court equal to the supreme court, unaffected by the supreme court.
Answers: 1
question
Mathematics, 22.06.2019 00:00
Abook store is having a 30 perscent off sale. diary of the wimpy kid books are now 6.30 dollars each what was the original price of the books
Answers: 1
question
Mathematics, 22.06.2019 00:00
The function f(x)= x5+ ( x + 3)2 is used to create a table. if x = -1 then what is f(x)?
Answers: 1
You know the right answer?
If money is invested for a short period of time, simple interest is paid using the following formula...
Questions
question
Biology, 05.05.2021 23:50
question
Computers and Technology, 05.05.2021 23:50
question
English, 05.05.2021 23:50
question
Mathematics, 05.05.2021 23:50
question
Chemistry, 05.05.2021 23:50
question
History, 05.05.2021 23:50