$5200 at 7.36% for 54 months
Mathematics · Middle School · Tue Nov 03 2020
Answered on
Given:
$5200 at 7.36% for 54 months
Solution:
In order to determine the percentage of the given amount, we must start first by converting the percentage into decimal. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 7.36/100
= 0.0736
Now we will multiply 0.0736 in order to determine it's value.
=($5200)(0.0736)
= $382.72
Final answer: $382.72