susuelhusseini susuelhusseini

29-03-2020
Mathematics

contestada

P = $500 R = 8% T = 3 months (3/12)

Respuesta :

jelrajmoon jelrajmoon

29-03-2020

Answer: I = $10

Step-by-step explanation:

Convert the Rate, R to decimal

Convert the time (3 months) to year.

Then use:

Formula: I = P x R xT

I = 500 x 0.08 x 0.25

I = $10

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