ShaylahL576546 ShaylahL576546
  • 03-11-2022
  • Mathematics
contestada

how much simple interest can be earned in one year on $800 at 6%

Respuesta :

PessieQ780501 PessieQ780501
  • 03-11-2022

The simple interest is defined as

[tex]I=P\cdot r\cdot t[/tex]

Where P is the principal, r is the interest rate and t is times in years. Replacing all given information, and using 0.06 as 6%, we have

[tex]I=800\cdot0.06\cdot1=48[/tex]

Therefore, the simple interest is $48.

Answer Link

Otras preguntas

Why did Algeria's economy struggle after it gained independence? Check all that apply. A. The international community refused to trade with the new country. B.
what is 4b² - 3b >96 ÷8b² (z) -6
3. What could explain this distribution of Mesosaurus fossils?
I am to tired for this and the teacher is probably gonna email my mom help
What is the x intercept of y=4x-8
It took 8 hours to drive 240 miles. At this rate, how long does it take to drive 90 miles?
10. Write the equation of a line in slope-intercept form that passes through the points (-2, 3) and (0,8). y = mx + b Equation:
Solve the simultaneous equations y = 4x + 1 y = 2x2 + 7x - 1
Question 3 True or False. You must convert grams to moles to do stoichiometry. True оо D False
which represents a peptide bond?