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bearhunter [10]

2 years ago

14

Compute the amount of interest earned in the following simple interest problem. A deposit of $1,295 at 7% for 180 days = _____.

(Note: Use 365 days in a year)

1 answer:

givi [52]2 years ago

7 0

I = Prt, where P = $1,295; r = 7/100 = 0.07, t = 180/365

I = 1,295 x 0.07 x 180/365 = $44.70

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Read 2 more answers

How do you write 0.12 as a fraction

Arturiano [62]

[ Answer ]

$\boxed{\frac{3}{25} }$

[ Explanation ]

Rewrite 0.12 As A Fraction

-----------------------------

Rewrite Decimal As A Fraction With 1 As A Denominator

0.12 = $\frac{0.12}{1}$

Multiply To Remove Decimal Places

$\frac{0.12}{1}$ · $\frac{100}{100}$ = $\frac{12}{100}$

Find GCF, Reduce Fraction

$\frac{12 \ / \ 4}{100 \ / \ 4}$ = $\frac{3}{25}$

0.12 = $\frac{3}{25}$

$\boxed{\boxed{[ \ Eclipsed \ ]}}$

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