rollinsraymiri
rollinsraymiri rollinsraymiri
  • 19-06-2020
  • Mathematics
contestada


Find the balance at the end of 4 years if $10,000 is deposited at a rate of 1.5% simple interest.

Respuesta :

RolinJacob
RolinJacob RolinJacob
  • 20-06-2020

Answer:

Principal amount (P) = $10,000

Rate (R) = 1.5%

Time (T) = 4 years

Simple interest, I = P X R X T / 100

= 10000 X 1.5 X 4 /100

= 60000 / 100

= $600

Therefore, Balance = P + I

= 10000 + 600

= $10600

Answer Link

Otras preguntas

PLEASE HELP!! SOMEONE PLEASE HELP!! (17 points!!) I need to turn it in soon!!
You observe lighting striking and then hear to sound 8 seconds later. The speed of sound in air is 340 m/s. How far where you from the lighting strike?
What makes an inference different from a prediction?
-3(1 + 6r) = 14-r Solve for r
PLEASE HELP SUPER EASY GRAPHING PROBLEM, WILL MARK U BRAINLIEST
[tex] {18e}^{ - 3x} \geqslant 0[/tex]PLZ help​
The model below represents the equation X-3 = 3x - 7 000 = AAA Key + = +1 = -1 What is the value of x? 0 1 O2 03 4
How did geography play a role in the battle of Saratoga
describe a city during a peak time of the day ​
The squares are identical. What is the area of each square? The area of each square is _________ square units.