tledet24
tledet24 tledet24
  • 02-01-2020
  • Mathematics
contestada

Calculate the simple interest paid on a loan of $544 at 3% for three months.


$48.96


$4.80


$4.90


$4.08

Respuesta :

asm24
asm24 asm24
  • 02-01-2020

Answer:

4.08

Step-by-step explanation:

Interest I =Pnr

3 months =3/12 year = n

r = 3%

and, P = 544$

Therefore,

[tex]i = 544 \times (3 \div 100) \times (3 \div 12) \\ \: \: \: = 4.08[/tex]

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