Question

Determine the simple interest. (Assume 360 days in a year.) p= $544, r=0.047% per day, t= 3 months The simple interest on $544 at 0.047% per day for 3 months is $ (Round to the nearest cent.) .

Name: determine the simple interest assume 360 days in a year p 544 r0047 per day t 3 months the simple interest on 544 at 0047 per day for 3 months is round to the nearest cent 85656
Uploaded: 2022-08-01T13:27:57-08:00
Duration: 1 min 18 s
Channel: David Mccaslin
Description: determine the simple interest assume 360 days in a year p 544 r0047 per day t 3 months the simple interest on 544 at 0047 per day for 3 months is round to the nearest cent 85656

          Determine the simple interest. (Assume 360 days in a year.)
p= $544, r=0.047% per day, t= 3 months
The simple interest on $544 at 0.047% per day for 3 months is $
(Round to the nearest cent.)
.

Added by Zachary C.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert David Mccaslin

08/01/2022

Step 1

Given that the annual interest rate is 0.047%, we need to convert it to a decimal by dividing it by 100. 0.047% = 0.047/100 = 0.00047 Show more…

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Determine the simple interest. (Assume 360 days in a year.) p= $544, r=0.047% per day, t= 3 months The simple interest on $544 at 0.047% per day for 3 months is $ (Round to the nearest cent.) .