diegov99 diegov99
  • 16-04-2022
  • Mathematics
contestada

You invested $5000 for 20 years at 7.25%. How much interest did you earn?

Respuesta :

jdoe0001 jdoe0001
  • 16-04-2022

[tex]~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$5000\\ r=rate\to 7.25\%\to \frac{7.25}{100}\dotfill &0.0725\\ t=years\dotfill &20 \end{cases} \\\\\\ I = (5000)(0.0725)(20)\implies I=7250[/tex]

Answer Link

Otras preguntas

How to find next number in this sequence. 2,7,26,101,400?
what words would you describe persistence as an acrostic poem?
What is the value of 6P6?   A. 1
Mike can cut a 40 foot by 20 foot yard with a push mower in 25 minutes. At this rate, how many more minutes would it take him to cut a 40 foot by 30 foot yard?
an inflated balloon rubbed by a piece of wool and prssed against the wall sticks. which force acts on it?
if the sides of a square are increased by 3m,the area becomes 64m2. find the length of a side of the original square
how do you do stochiology
What's the volume of a cylinder
What are the major effects of the ozone hole?
Pick the answer that most likely represents the substances’ relative solubilities in water. (A) CH₃CH₂CH₂CH₃ < CH₃CH₂CH₂OH < HOCH₂CH₂OH (B) CH₃CH₂CH₂OH &l