When calculating simple interest, what must you do if you want to invest for months or weeks instead of years? a. Simple interest only pays yearly, so you should find another investment. b. The simple interest calculation does not use those units, so you should just calculate as normal. c. The units have changed, so the interest formula switches to I·t=P·r. d. Interest rates are annual, so you must convert the units into years

Question

10-05-2016
Mathematics

contestada

When calculating simple interest, what must you do if you want to invest for months or weeks instead of years? a. Simple interest only pays yearly, so you should find another investment. b. The simple interest calculation does not use those units, so you should just calculate as normal. c. The units have changed, so the interest formula switches to I·t=P·r. d. Interest rates are annual, so you must convert the units into years

Respuesta :

Otras preguntas

To become a citizen of the United States, you must Question 2 options: A) be at least 21 years old. B) have lived in the United States for at least six months.

c. 3.14 is the circumference of a circle with a radius of 1. True or false

which neighborhood has a library dedicated solely to sketchbooks?

PLS HURRY! 9TH GRADE ALGEBRA :/ (edmentummmm) I AM GIVING BRAINLIEST FOR CORRECT ANSWERS!!

I don’t understand this can you explain and answer it!!!

Groups that have a strong interest in the success and outcomes of a business, such as employees, neighbors, or government regulators, are called

Why do you think when people usually think about a healthy individual, they think about the PHYSICAL SIDE first?

The ______ environment is composed of segments external to an industry that are usually beyond a firm's control, such as demographics and economic factors, that

C: Choose the correct word to complete each report. 1. There was a significant/significantly increase in the number of birds in 1994. 2. The number of birds inc

IreneJoliotCurie IreneJoliotCurie · Answer 1 · 2018-06-15T13:31:54+02:00

The correct answer is D.

Explanation:
Interest rates are given as an annual percentage rate. If you are investing for months or weeks, you will need to convert your units. You would divide the number of months by 12, since that would be the portion of a year it represents. For example, 3 months is 3/12 months, or 3/12 of a year. Similarly, if you were investing for weeks, you would divide by 52; if you want to invest for 6 weeks, that is 6/52 weeks, or 6/52 of a year.

bjbunes bjbunes · Answer 2 · 2020-12-16T21:39:46+01:00

bjbunes bjbunes

16-12-2020

Answer:

D

Interest rates are annual, so you must convert the units into years.

Step-by-step explanation:

edge 2020

Answer Link