SOLUTION: p= principal
A= annual interest rate
I= one year's interest
PRINCIPAL X ANNUAL INTEREST RATE = ONE YEAR'S INTEREST
COMPLETE THE TABLE BELOW IN WHICH INTEREST RATES ARE GIVEN
Algebra ->
Finance
-> SOLUTION: p= principal
A= annual interest rate
I= one year's interest
PRINCIPAL X ANNUAL INTEREST RATE = ONE YEAR'S INTEREST
COMPLETE THE TABLE BELOW IN WHICH INTEREST RATES ARE GIVEN
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Question 269631: p= principal
A= annual interest rate
I= one year's interest
PRINCIPAL X ANNUAL INTEREST RATE = ONE YEAR'S INTEREST
COMPLETE THE TABLE BELOW IN WHICH INTEREST RATES ARE GIVEN AS DECIMALS.
1.
P = $12,000
A= 0.1025
I= ?
2.
P= $2500
A= ?
I= $275
3.
P= ?
A= 0.09
I= $180
PLEASE HELP ME
I WAS STUCK ON THIS QUESTION..
THANK YOU
AND IF YOU CAN MAY YOU PUT IT STEP BY STEP?
THANK YOU
You can put this solution on YOUR website! p= principal
A= annual interest rate
I= one year's interest
I = pA
PRINCIPAL X ANNUAL INTEREST RATE = ONE YEAR'S INTEREST
COMPLETE THE TABLE BELOW IN WHICH INTEREST RATES ARE GIVEN AS DECIMALS.
1.
P = $12,000
A= 0.1025
I= pA = 0.1025*12000
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2.
P= $2500
A= I/p = 275/2500
I= $275
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3.
P= I/A = 180/0.09
A= 0.09
I= $180
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Cheers,
Stan H.
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