2006-10-09 14:41:27 · 7 answers · asked by Monique 1 in Science & Mathematics ➔ Mathematics
You don't mention whether it's simple interest or compound interest, and if it's compound interest how often it's compounded. The simple answer is 18% of 350. OF always means times so it's 18/100 times 350. (Percents are always fractions of the whole, which is 100%). Place the whole thing in decimal terms and you've got .18 * 350.00.
We roll the decimal point to the left to make it a whole number so you have 18 times 3.50, which equivocates to 54 plus 9, or 63. Put back in the dollar signs, throw a couple of zeroes in for good measure and the answer is, $63.00.
2006-10-09 14:55:38 · answer #1 · answered by Ice 6 · 0⤊ 1⤋
350 x 18 / 100 = 63
2006-10-09 21:50:59 · answer #2 · answered by dingdong 4 · 0⤊ 0⤋
Get 18% of $350.00 by multiplication which is $63.00.
2006-10-09 21:50:42 · answer #3 · answered by vhel 2 · 0⤊ 0⤋
Change the percent into decimal and then multiply the 350.
2006-10-09 21:54:27 · answer #4 · answered by jennifer c 3 · 0⤊ 0⤋
Simple interest = P * I * T
P = principle
I = Interest per time (usually year)
T = amount of time.
Compound interest = P * (1 - (1+ I/360)^T)
P = interest
I = Interest per year
T = days
2006-10-09 21:54:20 · answer #5 · answered by feanor 7 · 0⤊ 0⤋
I think you multiply the principle by the interest rate then you get $63??
Vin
2006-10-09 21:44:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋
depends on how long you take to pay it off
2006-10-09 21:50:33 · answer #7 · answered by Dwight D J 5 · 1⤊ 0⤋