simple interest
simple interest formula
i-prt
2 1/2%
.025
50% of 924
462
60 is what percent of 400
15%
monthly expenses: $700
Monthly income: $900
Price of house: $70,000
3.4%
time in the simple interest formula must be in months/years?
years
3/4%
.0075
10% of 500
50
693 is what percent of 924
75%
annual income: $14,400
Price of house: $90,000
10.3%
rate = 1.25%
time = 2 years
interest = $27.50
12 4/5%
.128
40% of 2,100
840
identify the percent in this problem
12 is 10% of 120
10%
annual expenses: $9,600
annual income: $10,920
Price of house: $90,000
1.47%
principal = $2,500
rate = 1/2%
time = 1 year
$12.50
2/3%
0.6...
identify the percentage in this problem
12 is 10% of 120
12
identify the base in this problem
12 is 10% of 120
120
The formula for finding the rate of income
(annual income - annual expenses)
divided by the price of the house