aedupsmusic6088 aedupsmusic6088

22-01-2021
Mathematics

contestada

A bank is offering 3.5% simple interest on a savings account. If you deposit

$7,500, how much interest will you earn in 2 years?

Respuesta :

topeadeniran2 topeadeniran2

23-01-2021

Answer: $525

Step-by-step explanation:

The formula for Simple interest is calculated as PRT where

P = Principal = $7500

R = Rate = 3.5%

T = Time = 2 years

Interest = PRT

= 7500 × 3.5% × 2

= 7500 × 0.035 × 2

= $525

Answer Link

Otras preguntas

Which of the following best describes acid anhydrides? When hydrogen chloride is dissolved, the polar bond between hydrogen and chlorine allows the hydrogen to

which one goes to the right one

A 46-year-old client has been diagnosed with major depressive disorder. the client is seeing a nurse practitioner who is deciding on an appropriate treatment re

A(r)=πr^2 to the nearest hundredth, what is the value of A(8)? (use 3.14 for pi.)

I wrote down 3 different positive whole numbers that add 96. the sum of any 2 is divisible by the third. What is the largest of these numbers?

among the following scientists, which one is known for developing the lwad of heredity?

How do I solve 1 and 2?

Suppose an increase in interest rates causes rising unemployment and falling output. to counter this, the federal reserve would a. increase the money supply. b.

Given RS=6, ST=3, and SL=4, find the required measure. (Part of the answer is provided for you) NS=

Volcanic ash and sulfur dioxide spewed out of Mt. Pinatubo in 1991. These materials can reflect incoming solar radiation. Over the next few years, what do you t