I have a math worksheet to work on and we just started a new unit today. Help please???

Question

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 1

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.

Answer 2

well there's 52 weeks in a year and 12 months so 38 months would be 3 years and 2 months, and 45 weeks is 7 weeks short of 1 year.

Answer 3

To convert month into years divide number of months by 12 since there are 12 months in a year.
To convert weeks into years divide number of weeks by 52 since there are 52 weeks in a year.
Also, You have stated the problem incorrectly because $4520 and $5000 are not interest they are principles or otherwise known as starting amount

Answer 4

i am 11 and i wish i can help but, i dont heave a clue about what you are saying!

Answer 5

Easier than pie. a] $764.50
b]I dunno.
But still I got 1 ANSWER