summer2445 summer2445
  • 22-12-2020
  • Mathematics
contestada

What is the interest for a principal of $3,500 at a simple annual interest rate of
2% over 1 year?

Respuesta :

clarch19
clarch19 clarch19
  • 30-12-2020

Answer:

$70

Step-by-step explanation:

Interest = Principal x Rate x Time

p = 3500

r = .02

t = 1

multiply the above and you get 70

Answer Link

Otras preguntas

A tree casts a shadow that is 8 feet long, a 3 foot mailbox cast a shadow that is 5 feet long. how tall is the tree?
What is the coefficient in the expression 2x7+22x7+2 ?
Which of the four oceans does not touch the continent of north america??
write the balanced equation of roasting of baco3 in air
One person can mow a field in 52 minutes and a second can mow the same field in 40 minutes. how long would it take the two of them to mow the field together?
Which shows -5x 10y = 80 in slope-intercept form? question 4 options: y = -2x 8 y = 2x 8 y = -1/2x 8 y = 1/2x 8
There are 5 males for every 3 females at the gym. If 120 men attend on an average day, how many women would you expect to attend
Explain how calisthenics can include both isometric and isotonic exercises.
Use the Distributive Property to express 16 + 48
round 56,291.8 to the nearest thousand