Provide an appropriate response.The interest formula is I = PRT. You took out a loan with Commerce City bank for $40,000 at 8.25% interest and held the loan for 6 months. What interest should you be charged?

Fill in the blank(s) with the appropriate word(s).


$1650

Mathematics

You might also like to view...

Provide an appropriate response.The formula to find principal is "principal divided by (rate times time)."

A. True B. False

Mathematics

Solve.An earthquake had an intensity  times more powerful than a reference level earthquake, or  What was the magnitude of this earthquake on the Richter scale?  The magnitude on the Richter scale of an earthquake of intensity I is 

A. 14.5 B. 16.3 C. 6.3 D. 3.7

Mathematics

Find the future value of the annuity. Round to the nearest cent.a1 = $1000I = 0.15n = 11

A. $20,303.72 B. $31,015.94 C. $2697.04 D. $24,349.28

Mathematics

An account contains A dollars and increases or decreases by R%. For A and R:  (a) Find the increase or decrease in the value of the account.  (b) Find the value of the account.  (c) By what factor did the account value increase or decrease? A = $300, R = 190%

A. (a) $595; (b) $895; (c) 3.9 B. (a) $520; (b) $820; (c) 1.9 C. (a) $580; (b) $880; (c) 1.4 D. (a) $570; (b) $870; (c) 2.9

Mathematics