Ask Question
16 August, 12:12

Write an arithmetic expression that calculates the yearly interest earned on a amount that's stored in a decimal variable named principalAmount at an interest rate that's stored in a decimal variable named interestRate. (The interest rate is stored as a decimal fraction like. 055 for a rate of 5.5%.)

+2
Answers (2)
  1. 16 August, 14:49
    0
    yearlyInterest = principalAmount * interestRate * year

    Step-by-step explanation:

    The general formula for interest is given as:

    (principal * rate * time) / 100

    but in this case the rate has been converted to decimal and the time is in year.

    The principal is represented as principalAmount

    The rate is represented as interestRate

    The time is represented as year

    So, the arithmetic expression is to multiply every term together without dividing by 100 since rate is expressed as a decimal fraction.
  2. 16 August, 16:05
    0
    Principal Amount x Interest Rate
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Write an arithmetic expression that calculates the yearly interest earned on a amount that's stored in a decimal variable named ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers