document.write( "Question 993439: Find the interest that a $510 deposit will earn 3 months at 4.25% simple interest \n" ); document.write( "
Algebra.Com's Answer #613045 by farohw(175)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Formula: I = PRT\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I = Interest\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "P = Principal ($510)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "R = Simple interest rate (4.25% or 0.0425)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "T = Term (3 months/12 months)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I = 510*0.0425*(3/12)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I = $5.42\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |