ShaylahL576546 ShaylahL576546

03-11-2022
Mathematics

contestada

how much simple interest can be earned in one year on $800 at 6%

Respuesta :

PessieQ780501 PessieQ780501

03-11-2022

The simple interest is defined as

[tex]I=P\cdot r\cdot t[/tex]

Where P is the principal, r is the interest rate and t is times in years. Replacing all given information, and using 0.06 as 6%, we have

[tex]I=800\cdot0.06\cdot1=48[/tex]

Therefore, the simple interest is $48.

Answer Link

Otras preguntas

A farmer wants to fence in a section of land for a horse pasture. Fencing costs $29 per yard. How much will it cost to fence the pasture?

what is the formula for this?

Find the measures of the numbered angles for each parallelogram

What is the value for X?

The_____ Party is a left-wing protest party that was formed in 1919.

Name 3 things you can do to manage your weight.

The perimeter of a rectangular banner is 72 inches. The width of the banner is 1/3 its length. What is the area of the banner? The first one with a good answer

Did Henry of Navarre encouraged religious tolerance in France

how long does it take to drive 27 miles going 40mph

Rowan raised $640 In a charity walk last year.this year he raised 15% more than he raised last year. How much money did Rowan raise this year?