solanasb
solanasb solanasb
  • 03-03-2021
  • Mathematics
contestada

What is the amount of simple interest after 3 years if $250 was deposited at a 4% interest rate?

Respuesta :

divoji4645
divoji4645 divoji4645
  • 03-03-2021

Answer:

$290

Step-by-step explanation:

250 * 4% (Or 0.04) = $10

$10 is interest per year

$10 * 4 years = $40

$250 + $40 = $290

Answer Link

Otras preguntas

Seventy-five-year-old Maria is usually in a good mood unless someone does or says something offensive or irritating around her. Then she usually makes a sharp c
Please answer this correctly
Find m4+ 1/m4 , if m− 1/m =3.
When this net is folded into a cube, which letter is on the opposite side of B? I will make you a brainllest :)
Bone marrow transplants are given to patients who cannot make their own blood cells. The transplant gives a patient stem cells. What best explains what is happe
What mass of water uses 7500 J to increase the temperature from 2 oC to 3 oC? The following information for water is given, but may or may not be useful: Δc = 4
Is Clear A Color? Please help me and my family is debating about it...
1/3x+4=10 what is x?
Laura is stuck in aisle six at the supermarket trying to decide which jar of peanut butter to buy. She can buy a 16-ounce jar for $2.59 or a 24-ounce jar for $3
Which statement Describes a similarity between source one source two