ssjdudjdsloe9910 ssjdudjdsloe9910

01-04-2021
Mathematics

contestada

A new bank customer with $4000 wants to open a money market account the bank is offering a simple interest rate of 1.5% how much interest with a customer in 20 years

Respuesta :

samuelonum1 samuelonum1

05-04-2021

Answer:

$1200

Step-by-step explanation:

Given data

Principal=$4000

Rate=1.5%

Time= 20years

The expression for simple interest is

SI= PRT/100

Substitute

SI= 4000*1.5*20/100

SI=120000/100

SI=$1200

Hence the interest is $1200

Answer Link

Otras preguntas

The following statements about carbon dioxide are true EXCEPT a. It can be prepared by the action of acid on CaCO₃ b. It is used in fire extinguishers c. It d

what colors are birds are attracted 2

What challenges did the californios face?

An ant sits on the back of a mouse. The mouse carries the ant across the floor for a distance of 10 meters. Was there work done by the mouse? Explain.

7x+3y=22 4y=20 I need to know how to write this equation out with the answer

which inequality is equivalent to 7x-2y> 8. A) y> 7/2x+8 b) y>-2/7x+8/7 c) y <7/2x-4 d) y <-2/7x-4/7 (whats a Inequality? )

how do u divide 16 by 3/5

Wages. JoAnn works in the publicity office at the state university. She is paid $10 an hour for the first 35 hours she works each week and $15 an hour for every

What is the purpose of sensory adaptation

Which of the following oxides can dissolve in water to form a solution that would turn litmus indicator red in color? a. MgO b. K₂O c. CO₂ d. ZnO e. H₂O