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

In what era did dinosaurs first appear?

A private place where you record your experiences and your inner life is a a. journal b.workshop c.brainstorm d. word spree

How is dragonwave, inc revenues by product categroy?

What is an umbrella term used in your text to refer to a range of different sexual orientations, gender behaviors, or ideologies??

Which european philosopher proposed that dividing the government into three branches would prevent any one person or group from gaining total control? a.voltai

Why did prices on Eastern goods increase after the Muslims captured Constantinople in 1453?

How does the author create a feeling of suspense or tension in this story? A) by characterizing Chelsea as a strong, unafraid, and daring young girl B) by maki

In which town in connecticut was america's first law school founded?

If the substance entering the cell was in higher concentration inside the cell than outside the cell, what type of transport would be required? Explain your ans

How did television programming change in the 1980s?