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Martin takes out a simple-interest
Choose the one alternative that best completes the statement or answers the question.
Solve the problem. Assume that simple
3 answers
asked by
Alex
1,258 views
Martin takes out a simple-interest loan at 7.5 %. After 6 months, the amount of interest on the loan is $69.64. What was the
1 answer
asked by
anonymous
746 views
Martin invested $6,500 in a bank at a simple interest rate of 6.5%. How much interest would he receive after 4 years? Use I=PRT
1 answer
asked by
heidi
568 views
Mr. Simpson deposits his money in a savings account at the Springfield Bank. Would he earn more money with simple interest or
5 answers
193 views
Compounding interest means interest accrues _____.
(1 point) Responses more quickly than simple interest more quickly than simple
1 answer
asked by
Katana Yama
27 views
Compounding interest means interest accrues _____.
(1 point) Responses more slowly than simple interest more slowly than simple
1 answer
asked by
Katana Yama
21 views
The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and
1 answer
asked by
John
183 views
The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and
1 answer
asked by
Mark
166 views
The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and
1 answer
asked by
John
159 views
The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and
1 answer
29 views