helphelphelp23
helphelphelp23 helphelphelp23
  • 03-03-2017
  • Mathematics
contestada

Richard deposited $5500 for 6 years on 2.40% interest. How much simple interest will he earn

Richard deposited 5500 for 6 years on 240 interest How much simple interest will he earn class=

Respuesta :

Аноним Аноним
  • 03-03-2017
Formula: Principal x Rate x Time

1) $5500 x 2.40 x 6 = $79,200
2) $47,300 x 0.03 x 4 = $5,676

Note: How I got 0.03 for problem 2 is because of converting percentages into decimal form.
Answer Link

Otras preguntas

This amendment keep former Confederate leaders from holding political office. Thirteenth Fourteenth Fifteenth
what two numbers multiply to 20 and add up to 17
Why is Siberia much colder than Western Russia?
write number to make each line have the sum 7
Which genre of science fiction best describes the story “Report on the Barnhouse Effect” by Kurt Vonnegut? A) adventure sci-fi B) hard sci-fi C) gadget sci-fi
Explain the process of transcription.
what or who is el cadejo
The main purpose of a balance sheet is to _____. comply with IRS laws obtain a bank loan show a business's financial state show profits earned
automobiles and gasoline are examples of
Which of these items is NOT a wedge? a. axe b. knife c. ramp d. ice pick