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 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

4x²+8x=1 by completing the square
most dangerous cities in the us
adrienne is a 16-year-old girl who is searching for her identity. which of the following would not be an example of the search for her self-concept?
how to connect xbox one controller
how is the date for easter determined
which of these are a concept of romantics valued? A.imperialism B.idleness C.industrialism D.innocence
what is the value of each digit number of 58
adrienne is a 16-year-old girl who is searching for her identity. which of the following would not be an example of the search for her self-concept?
How did Revolutionary ideology challenge the way minorities were treated in America? What changes in this treatment resulted from this challenge, and why did so
√x+12=x+2,is given by: