anonymous
  • anonymous
Princial: 50,000 Rate of interest: 5 5/8% Time: 1/4 year. Simple interest?
Mathematics
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
prt/100 50000 x 45/8 x 1/4 x 1/100
anonymous
  • anonymous
prt/100 50000 x 45/8 x 1/4 x 1/100
anonymous
  • anonymous
500 x 45 / 32

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amistre64
  • amistre64
50000 (4500/8) (1/4) right?
anonymous
  • anonymous
divide by 100 amistre
anonymous
  • anonymous
225 x 3.125
amistre64
  • amistre64
lol....yeah thats right :)
anonymous
  • anonymous
so vane1013 you got it now??
amistre64
  • amistre64
50000 (45/800) (1/4) = 703.125
anonymous
  • anonymous
yeah
amistre64
  • amistre64
when they give you like 360 days in a year and 30 days in a month; does that throw it off any?

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