heavenlykeysp8u9k7 heavenlykeysp8u9k7

24-05-2018
Mathematics

contestada

a principal of $4,000 was invested into a savings account for 5 years. If the interest earned for the period was $500 what was the interest rate? The hint is the formula for simple interest is I= PRT

Respuesta :

MLGPauly MLGPauly

03-06-2018

[tex]500 = 4000(x)5[/tex]
[tex]4000 \times 5 \times x = 20000x[/tex]
[tex]500 \div 20000 = x[/tex]
Rate is .025 or 2.5%

Answer Link

Otras preguntas

Which three ordered pairs complete the table to give solutions of the equation y = –6x? A. (–2, 12), (0,0), and (2, –12) B. (–2, 12), (0,–6), and (2, –12) C.

What is 5 divide by 642

(6.2)(0.48) What does this mean and equal?

what two numbers multiply to 16 and add to 4?

1.42g/cm^2 to mg/mm^2

1m is 1cm in fractions

What can readers infer about Mitty's relationship with his wife based on the closing scene of the story, in which he daydreams that he is fearlessly facing a fi

Emily takes different routes when she rides her bike to school each day. Going home, she always takes the same 4 miles route. Write an algebraic expression to r

What is three quarters of 28? How do you do the sum?

What two people are elected by voters in their states