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

Which pair correctly uses a hyphen? (5 points) Anti-American Child-like Semi-final Semi-circle

How Do You Do: 2(n-7)+3=9 And: 4h+7h-16=6

What are three equivalent ratios for 5:45?

A worker is to perform work for you for seven straight days. In return for his work, you will pay him 1/7th of a bar of gold per day. The worker requires a dail

If the frequency of the waves produced by a vibrating object increases, how does the wavelength of the waves produced change? A) It stays the same B) It decrea

How do you estimate 37.2 + 2583 and 18.256 - 5.71 and -9.916 + 12.4 to the nearest integer I never get it

what solid would a pyramid resemble if the polygonal bases had a million sides?

Which additional words in the sentence should be capitalized? Which is in the month of may, labor day or memorial day? Choose all answers that are correct. A.

Express the statement below as a fraction in lowest term 80% of American are home owners.

what's abnormal psychology?