SakariyeN109161 SakariyeN109161
  • 03-11-2022
  • Mathematics
contestada

Edward deposited 9,000 into a savings account 2years ago tthe simple interest is 2% how much money did edward earn in intrest

Respuesta :

ElnoraX163400 ElnoraX163400
  • 03-11-2022

We just need to use the simple interest formula:

[tex]I=PV\cdot r\cdot t[/tex]

Where:

I = Interest

PV = Principal or initial investment = 9000

r = interest rate = 0.02

t = time = 2

[tex]\begin{gathered} I=9000\times0.02\times2 \\ I=360 \end{gathered}[/tex]

$360

Answer Link

Otras preguntas

Find the difference 15.5- 7.46
Solve 4(x-5) = 2 Can you show your working please?
Explain this quote by Dally: "...you get tough like me and you don't get hurt. You look out for yourself and nothin' can touch you." How is this ironic? Do you
if x-2y=1, what is the value of 2 3x-6y?
one of the most important reasons for using only reliable water sources is to reduce
1/10 times 10 eqauls
which of the following refers to the anxiety or discomfort we experience when we deviate from our own internal standards of right and wrong? a. moral inferiorit
Which of the following is a convention of graph making? question 4 options: a.there must be at least 10 numbers on each axis. b.the data must be capable of be
Help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
five words that contain the greek latin root/affix