02-01-2017
Mathematics

contestada

what is the simple interest earned in a savings account that pays 5% interest if $500 is deposited for 4 years

Respuesta :

texaschic101 texaschic101

02-01-2017

I = PRT
P = 500
R = 5% = 0.05
T = 4

I = PRT
I = (500)(0.05)(4)
I = 100 <=== so interest earned = $ 100

Answer Link

Otras preguntas

what year did the titanic vanished into the sea

Which of the following is a density-independent factor?

Madison works as a salesperson at an electronics store and sells phones and phone accessories, and makes a fixed commission for each phone sale and a different

Explain the difference between four times the sum in X and Y and the sum of four times X and Y

Joni earned $0.625 per day for two days as interest on her $1,000.00 investment. What percent interest did she earn in total? Give your answer to three decimal

3. A drill spins with a frequency of 1200 RPM (revolutions per minute). What is itsfrequency in RPS (revolutions per second)?

¿Quién es el/la narrador(a)? el padre de las chicas Yolanda Dolores 2. ¿A qué hora se despertó el papá? a las seis de la mañana a las seis y media a las siete y

Which of the following statements is most correct? Select one: a. KSFs are both necessary and sufficient for competitive advantage. b. KSFs are often necessar

Which characteristic allows enzymes to function infroa specific way?

An oil prospector will drill a succession of holes in a given area to find a productive well. The probability that he is successful on a given trial is .2. a Wh