Register

Convert 2 months to years expressed in decimal form to the nearest hundredth? user: find the exact interest on a loan of $4000 at 8 % annually for 50 days

Convert 2 months to years expressed in decimal form to the nearest hundredth? user: find the exact interest on a loan of $4000 at 8 % annually for 50 days
180k views
1 vote
Convert 2 months to years expressed in decimal form to the nearest hundredth? user: find the exact interest on a loan of $4000 at 8 % annually for 50 days

User Joelparkerhenderson
by
7.8k points

1 Answer

1 vote
Two months in years = 2/12 = 0.17 ( rounded )
Interest earned in 50 days = 4,000 * 0.08 * 50/365 = $43.83

Answer: I = $43.83
User Jan Christiansen
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!