Math Worksheets Borrowing
December 25th, 2008
Question: I have a math worksheet to work on and we just started a new unit today. Help please???
The unit is on Simple Interest, and the question is asking to
calculate the simple interest in each situation:
a.) $4250 invested at 6%/a for 38 months.
b.) $5000 borrowed at 5.75%/a for 45 weeks.
The interest in both of these questions is $4520 and $5000
respectively. The rate is 6%- 0.06% and 5.75% – 0.0575%
respectively. The time is 38 months and 45 weeks respectively.
The formula is I = Prt. My question is how do you change months
and weeks into years because time has to be in years. I need
urgent help! Someone please come to my rescue!!!
Answer: well first off, a year has 12 months or 52 weeks. second, the principle amounts are $4250 and $5000, you are being asked to calculate the interest. I’m not familiar with your formula so maybe if you tell us what each variable stands for we could help more.
Subtraction with Borrowing
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