What is the simple interest paid to the nearest cent for each principal, interest rate, and time? $300, 6 1/2 %, 1 year * 1 point
$19.50
$195
$319.50
$1,950

The correct answer is: Option 1: $19.50

Step-by-step explanation:

Simple interest is given by the formula:

Here

P is the principal amount

r is the interest rate

and t is the time in years

Given

P = 300

r = 6 1/2 = 6.5%

t = 1

Putting the values in the formula, we get

The simple interest paid to the nearest cent is 19.50 dollars.

Hence,

The correct answer is: Option 1: $19.50

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step-by-step explanation:

use that smart brain

d. $180

step-by-step explanation:

if the dimensions of the room is 9ft by 12 ft, we have the area of the floor as,

so the area of the floor is 108 square feet, converting that into square yards we get,

the cost of carpet is $15 per square yard, therefore the cost of carpet for 12 square yards is,

hence, the cost of carpet is $180.

assuming the dimensions of the room be,

15 ft by 12 ft

so, the area of the floor of that room is,

we can convert 180 square feet into square yards, we know that,

1 sq ft = 0.111 sq yard

so, 180 square feet is,

so the area of floor is 20 square yards.

now, the cost of carpet is 15 dollars per square yard, therefore the cost of carpet for 20 square yards is,

so, it will cost $300.