SOLUTION: Find each balance.
$900 at a simple-interest rate of 3.25% for 3 months.
Algebra.Com
Question 274005: Find each balance.
$900 at a simple-interest rate of 3.25% for 3 months.
Answer by calegebra(14) (Show Source): You can put this solution on YOUR website!
Simple interest is 1 year. 3 months is .25 year
I = prt
I = ($900)(.0325)(.25)
I = $7.3125
I = $7.31
RELATED QUESTIONS
You repair bicycles during your summer vacation and save $900 of your pay. You deposit... (answered by jorel555)
Sophie borrowed $2000 and took 3 years to repay the loan and $900 interest.
a)What was... (answered by Theo)
find the total amount owned after 6 months on a loan of $900 at an annual simple interest (answered by robertb)
A savings account of $3500 is left for 9 months and draws simple interest at a rate of... (answered by MathLover1,MathTherapy)
On May 11, 1993, a note due on January 10, 1994 was discounted at 12.12% simple discount. (answered by CPhill)
Wilson invests $4000 at 6% p.a. with interest compounding monthly for 4 months.
a)what... (answered by rfer,Theo)
1) Find the future value of a simple interest loan of $4,000 at 5.5% interest for 7... (answered by Theo,MathTherapy)
A restaurant borrows 13,900 from a local bank for 11 months. The local bank charges... (answered by ikleyn)
Pablo borrowed $900 from a credit union for 3 years and was charged simple interest at a... (answered by ikleyn)