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

how many inches are in 13 and a half feet

Massachusetts has a 9% sales tax. Timothy bought a Toro lawn mower and paid $36 sales tax. What was the cost of the lawn mower before the tax?

what method of tackling discrimination did martin Luther king used?

in what part of chloroplasts do dark reactions occur?

what was darwins role on beagle

Which represents the inverse of the function f(x) = 4x?

If atoms are made up of smaller particles, such as protons, neutrons, and electrons, then why are atoms considered the smallest particles of an element?

Which is 243 written as a power of a number? A. 3^4 B. 3^5 C. 9^3 D. 8 1^3

What states made up the upper south?

The strongest voice in shaping foreign policy belongs to __________.