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

I was mainly located on the Arabian Peninsula south and east of the Byzantine Empire. What empire am i?

Read the body paragraph from Reiko’s argumentative essay. It’s a good idea to eat fruits and vegetables. A study of over seventy thousand nurses showed that ea

pls help me on question 30 I don't know how to do it

When f(x)=4, what is the value of x? 0 2 3 4

6. Fats, oils, and cholesterol are types of lipids. True False

What is (x-5) (x+5) ?

Which of the following best expresses the definition of an open system? Energy can enter or leave the system but matter cannot. Heat and matter are both able

Which of these lines contains the clearest example of dialect in poetry? “By the stream & o’er the mead…” “To such a deep delight ‘twould win me…” “But oft

is 22 to 8 and 88 to 48 a proportion

Which of the following expression is exponential form: 1.6 x 1.6 x 1.6 x 1.6. A) 4^1.6 B) 1.6^4 C) 1.6 x 4 D) 1.6 + 4