Naanaa610 Naanaa610
  • 25-01-2018
  • Mathematics
contestada

Diana invested $3,000 in a savings account for three years. She earn $450 in interest over that time period. what interest rate did she earn?

Respuesta :

mathmate
mathmate mathmate
  • 25-01-2018
Principal, present value, P = $3000
Interest (assumed simple) = $450
Time period = 3 years
Interest rate, i = $450/(3*$3000) = 0.05 = 5%
Answer Link

Otras preguntas

[tex]1 - 25x {}^{2} [/tex]what's the answer po?​
Maths!! im a bit confused lol
Work out and simplify where possible.
Due to the heightened demand for Clorox wipes, the company has marked up their prices by 20%. If they used to only cost $3.75, how much do they cost now? A them
Mrs lee bought four times as many ties as wallets. He spent $840 altogether. A wallet cost $50 more than a tie. The total cost of the ties was $184 more than th
you make 12 equal payments your total is 1308 how much is each payment
URGENTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT
Two people answer = one brainliest for best answer Use the following figure to answer the questions. Isosceles trapezoids ABCD and WXYZ are similar to each oth
This diagram shows a pre image triangle ABC and its image triangle A'B'C.,after a series of transformations. Select from the drop down menu to correctly complet
Please, help meeeeeeee