jaedonf4 jaedonf4
  • 01-02-2022
  • Mathematics
contestada

What is the simple interst on $32,000 at 7% interest for 6 months?
$13,440
$1,120
$6,720
$2,240

Respuesta :

mhanifa
mhanifa mhanifa
  • 01-02-2022

Answer:

  • B. $1120

Step-by-step explanation:

Use simple interest formula:

  • I = Prt

Given:

  • P = $32000
  • r = 7% = 0.07
  • t = 6 months  = 0.5 year

Find the amount of interest:

  • I = 32000*0.07*0.5 = 1120

Correct choice is B

Answer Link
Аноним Аноним
  • 02-02-2022
  • Principal=P=32000
  • Interest rate=R=7
  • Time=0.5yr

Interest be I

[tex]\\ \tt\hookrightarrow I=\dfrac{PRT}{100}=\dfrac{32000(7)(0.5)}{100}=\dfrac{112000}{100}=1120\$[/tex]

Answer Link

Otras preguntas

A radio station broadcasts a signal with radius of 75 what is the area of the region tgat recieves the signal
How much is pollution control estimated to increase the cost of production in the United States?
Critically discuss the elements characteristics of a successful business
Expand the expression and combine like terms:-4(-11+4n)-3(-2n+9)
What does blood alcohol concentration NOT depend on
The Babylonians in Sumer used what as a monetary commodity
Critically discuss the elements characteristics of a successful business
Eddie measured his using a small fish food box. The box has a base area of 6 inches and has a height of 4 inches. Ellie found that the volume of his aquarium is
Ronald spent the day making a painting for his friend. At the end of the day, Ronald finished 1/4 of the painting. If he is able to finish as much of the painti
some One Please Help