Time remaining:
calculate the interest round to the nearest cent if necessary

Mathematics
Tutor: None Selected Time limit: 0 Hours

principal $8100, annual interest rate 10%, time 15 months 

Interest=?

Apr 26th, 2015

final amount = principal( 1+ rate of interest  * time in years)

                    =8100( 1+  .1 * 1.25)

                    =9112.5


interest = final amount - principal

             =9112.5-8100

              =1012.50...........................................


so interest =1012.5..............answer

                

hope you understood...please message if you have any doubts...thank you

Apr 26th, 2015

thank you so much!!!

Apr 26th, 2015

no mention.....iam happy to help you

Apr 26th, 2015

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Apr 26th, 2015
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Apr 26th, 2015
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