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

Will someone please explain how to do -(7c-18)-2>0 Step for step??? I don't understand how to.

Stacy saved 30% on a single item. If she saved $60.00, what was the cost of the item before the discount?

why is 743 a prime number

What is 25% of 6??? Is it 1.5?

First, think about what you would like to be doing twenty years hence. Then, find out what education you must have to achieve this goal.a.Fragmentb.Run-onc.Corr

if y=-4 when x=10 find y when x=5

what is 5,900 round to the nearest thousand

Oxygen is released as a waste product by plants during the process of _______. Animals takes in this oxygen and releases it as _______ during the process of ___

Which sentence uses a verb that agrees with its compound subject? A.Either calculators or an adding machine make an accountant's work easier. B.Both cows and

What features of Therapsids suggest the group was transitional to reptiles and mammals?