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

So I have a question asking 50x5=250 I know what it is and I want friends

Write a descriptive essay with the title, " The View from the other side" 350-450 words

Explain why the rational zero theorem does not guarantee finding zeros of a polynomial function.

A gas expands from 30 l to 50 l against a constant pressure of 1 atm. What is the calculated value for work? report your answer in kj to the nearest whole numbe

PLEASE HELP What was the main difference between enslaved persons who were considered artisans and the enslaved persons who worked in the fields?0 Artisan ensla

A _____________ team is made up of employees from the same hierarchical level but different work areas. They are typically brought together to accomplish a task

Why might you be at a disadvantage if you choose not to keep your money in a bank?.

Can someone explain what Confucianism is and what there beliefs are please

what is the circumference of D and the arc length of AB

A reaction in which an element or compound reacts with oxygen to form an oxide compound is called a.