Find the amount of the principal when the simple interest rate is 4.345%, the time is 7 months, and the amount of interest earned is $274.00.

Answers

Answer 1

Answer:

tis noteworthy that 7 months is not even a year, since there are 12 months in a year then 7 months is really 7/12 of a year.

$\bf ~~~~~~ \textit{Simple Interest Earned} \n\n I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill & \$274\n P=\textit{original amount deposited}\n r=rate\to 4.345\%\to (4.345)/(100)\dotfill &0.04345\n t=years\dotfill &(7)/(12) \end{cases} \n\n\n 274 = P(0.04345)\left( \cfrac{7}{12} \right)\implies \cfrac{274}{(0.04345)(7)/(12)}=P\implies 10810.46\approx P$

Related Questions

The gcf of any two odd numbers is always odd
I need help can you help me with my math homework
Rosalie is collecting stickers for a scrapbook. She collected 8 stickersper day for 2 weeks and then collected 5 stickers per day for 2 weeks.How many stickers has Rosalie collected?
Find the missing values for multiplication equation 7/8
Help Meh por FavorWhich ranges describe the cluster in the scatter plot?Choose EXACTLY TWO answers that are correct.A.between 6 and 12 years of experienceB.between $40,000 and $60,000C.between 4 and 8 years of experienceD.between $10,000 and $60,000

Which expression is equivalent to 30(1/2x-2)+40(3/4y-4)?1.45xy-220
2.15x-30y-220
3.15x+30y-220
4.15x+30y-64

Answers

The expression is equivalent to the expression 30(1/2x - 2) + 40(3/4y - 4) will be 15x + 30y - 220. Then the correct option is C.

What is Algebra?

Algebra is the study of abstract symbols, while logic is the manipulation of all those ideas.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This approach is used to answer the problem correctly and completely.

The expression is given below.

⇒ 30(1/2x - 2) + 40(3/4y - 4)

Simplify the expression, then we have

⇒ 30(1/2x - 2) + 40(3/4y - 4)

⇒ 15x - 60 + 30y - 160

⇒ 15x + 30y - 220

The expression is equivalent to the expression 30(1/2x - 2) + 40(3/4y - 4) will be 15x + 30y - 220. Then the correct option is C.

More about the Algebra link is given below.

brainly.com/question/953809

#SPJ6

15x-60+30y-160
= 15x+30y-220

Juan has 12 muffins he puts 1/4 of the muffins in a bag how many muffins does juan put in the bag

Answers

the answer is 3....easy

3, you take twelve divided by the denominator

Double the product of 6 and 7 expression

Answers

The correct answer would be 6×7×2.

2 (6 x 7)
2(42)
The answer is 84

of the 125 guests invited to a wedding ,104 attended the wedding .What percent of the invited guests attended the wedding

Answers

$(104)/(125) =(104*8)/(125*8)=(832)/(1000)$

832/1000 = 0.832 = 0.832 * 100% = 83.2%

83.2% of the invited guests attended the wedding.

How do I solve this proportion?

Answers

$(3)/(x)=(7)/(10);\ \ \ \ D:x\neq0\n\ncross\ multiply:\n\n7\cdot x=3\cdot10\n\n7x=30\ \ \ \ /:7\n\nx=(30)/(7)\n\nx=4(2)/(7)$

Okay this should be simple. So take 10 times 3. Because those are diagnal to eachother. 10*3 = 30. Now take 30 divided by 7. 30/7 = 4.28 and rounded would be just 4.2. That's your answer! Hope i helped!

Shawn’s pay is $123 for 20 hours of work. Find hourly wage and then calculate the amount of pay for 31 hours.

Answers

Hi hope I help, so first 123×20 which = 2,460 then, 2,460×31 and the answer is 76,260

Final answer:

To find Shawn's hourly wage, divide his total pay by the number of hours worked. To calculate the pay for 31 hours, multiply the hourly wage by 31.

Explanation:

To find Shawn's hourly wage, we divide his total pay by the number of hours worked. Therefore, the hourly wage is $123/20 = $6.15 per hour.

To calculate the amount of pay for 31 hours, we multiply the hourly wage by the number of hours worked. Therefore, the amount of pay for 31 hours is $6.15 * 31 = $190.65.

Learn more about hourly wage here:

brainly.com/question/32935909

#SPJ2

Other Questions

How to multiply 2 1 /2 multiply 1/10

Select the graph of the solution. Click until the correct graph appears. |x|= -5

Write the linear equation 2x + 3y = 12 in slope intercept form .

Jeremy has 3/5 as many saved texts as Ria. Jeremy has 24 saved texts.How many saved text messages do they all have?