Compute the amount of interest earned in the following simple interest problem. A deposit of $100 at 8% for 20 years=
$1.60
$16.00
$160.00
$1600.00

Question

16-06-2016
Mathematics

contestada

Compute the amount of interest earned in the following simple interest problem. A deposit of $100 at 8% for 20 years=
$1.60
$16.00
$160.00
$1600.00

Respuesta :

Otras preguntas

Who developed a stronger telescope and was able to prove that Ptolemy's theories about the moon were wrong? A. Galileo Galilei B. Andreas Vesalius C. Francis Ba

0.7 is 10 times as much as

Please help me How do you write 3.1 in expanded word form?

What is the greatest common factor of 81 and 135?

What is a unit rate with a denominator of 1 unit

How do you change 3.4 into a fraction?

Solve For Y 4y-4=-28 simplify your answer as much as possible

find the product (5x-3)(x^3-5x+2)

write an equation of the line Passes through the points (4,2) and (6,8)

hartnn hartnn · Answer 1 · 2016-06-16T20:16:22+02:00

hartnn hartnn

16-06-2016

use the formula
i = prt
p = principle amount = 100
r = rate of interest = 8% = 0.08
t = time in years = 20

i = 100*0.08*20 = 8*20 = 160

so the interest earned is $160

Answer Link

Compute the amount of interest earned in the following simple interest problem. A deposit of $100 at 8% for 20 years= $1.60 $16.00 $160.00 $1600.00

Respuesta :

Otras preguntas

Compute the amount of interest earned in the following simple interest problem. A deposit of $100 at 8% for 20 years=
$1.60
$16.00
$160.00
$1600.00