please show work
2007-04-07 07:36:10 · 3 answers · asked by Kyara R 1 in Science & Mathematics ➔ Mathematics
$175/10 = $17.50
$17.5 =10%
17.5/10= $1.75
$1.75 = 1%
$1.75 * 2 = $3.50
$3.50 = 2%
$17.50 + $3.50 =$21.00
2007-04-07 07:40:48 · answer #1 · answered by ♣Kermit the Frog♣ 4 · 0⤊ 0⤋
12% of $175
Expressing 12% as a decimal gives you 0.12
"of" means times
0.12 x $175 = $21.00 owed in interest
If you want to have fun with your math teacher, ask them about the minumum monthly payments and the fact the the ANNUAL percentage rate is 12%. Ask them to show you how to calculate the MONTHLY interest rate assuming monthly compounding and an annual APR of 12%. Don't forget about the mimimum finance charge and late fees.
2007-04-07 16:00:30 · answer #2 · answered by Thomas C 6 · 0⤊ 0⤋
175 X 1.12 =196
you take the origingal amount plus twelve percent. when you are using percent you move the decimal over two spaces so 12.0% changes into 0.12
2007-04-07 14:46:45 · answer #3 · answered by Anonymous · 0⤊ 1⤋