AddleyN70365 AddleyN70365

04-11-2022
Mathematics

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The interest charged on a principal of2650 at an interest rateof5.11%over 30months is

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TommiJ740811 TommiJ740811

04-11-2022

We have Interest formula as:

[tex]I=P\times R\times T[/tex]

Where: P = 2650

R = 5.11% = 0.0511

T = 30

So:

[tex]I=2650\times0.0511\times\frac{30}{12}=338.5[/tex]

Answer: $338.5

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