shortstuff1979 shortstuff1979

06-11-2019
Mathematics

contestada

what is the simple interest rate the principle is $135 annual rate 4.3% time 30 months

Respuesta :

kashindyemdanganya11 kashindyemdanganya11

06-11-2019

Answer:

let

i=interest

p=principle

t=time

r=rate

given that

p=$135

r=4.3%

t=30months

i=?

from the formula

i=prt

i=135×(4.3/100)×30

i=135×0.043×30

i=$174.15

therefore interest is $174.15

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