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 hypotenuse of 30-60-90 triangle is 24.2ft. Explain how to find the lengths of the legs of the triangle.

Use the physical map of the United States on pages 68 and 69 of Understanding Geography to answer the question. Which river flows south from the Rocky Mountain

Which of these statements about water is true? Select one: A. Its atoms share electrons equally. B. It can dissolve all known substances. C. Its molecules are

Hachured contour lines on a topographic map represent _____. A.depressions, B.very small hills, C. underwater features, D.caves

Who was the sixth president?

A counterintuitive research finding involving depression is that

What essential feature of a plasmid that is required for cloning is missing from the pcdna3 plasmid?

Usted no me _____ (sorprender).

please hurry I am almost out of time

An initial amount of $800 is invested in a compound savings account with an annual interest rate of 4.5%. Using the formula A+P(1+r)^t what is the balance after