jodihouston713 jodihouston713
  • 02-05-2022
  • Mathematics
contestada

If you invest $1600 at 5% for 3 years, how much simple interest is earned?

Respuesta :

saltedpasta
saltedpasta saltedpasta
  • 02-05-2022
5% of 1600 is $80.

You will get $80 added to your account every year for 3 years

You will earn $240 in simple interest.
Answer Link
preyeangalapele
preyeangalapele preyeangalapele
  • 02-05-2022

Answer:

$240

Step-by-step explanation:

S.I=PRT/100

P=$1600

R=5%

T=3

S.I =1600*5*3/100

S.I=$240

Answer Link

Otras preguntas

How do you ask "i like you" in spanish?
The amount of corruption in the national government led to A. secret deals B. few new laws passed. C. both secret deals and few laws passed. D. neither secret
Both the experimental group and the control group are exposed to the same __________. A. type of treatment B. independent variable C. confounding variables D. e
-7w+8 (w+1)=w-7 Please show work
What are two numbers that multiply to be -150 and add up to 19
Iron oxide reacts with aluminum to give aluminum oxide and iron. what kind of chemical reaction is this?
Which of these lines from "the golden fleece" by nathaniel hawthorne is an imperative sentence?
identify the sentence that uses pronouns correctly. a. when a student works, they have to learn to manage their time. b. when students work, he have to learn to
identify features of two way communication
In Beowulf, how does the character of Hrothgar compare to Beowulf’s?