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

On january 31, jean consulting company receives a bill for that month’s utilities in the amount of $500. jean sets it aside because she does not plan to pay the

What does it mean when someone says you see things in black and white?

2. You have 2 m3 of a mineral ore sample. It has a mass of 1 × 104 kg. Calculate the density of the ore sample and express your results in g/cm3 with appropriat

How to find slope and y intercept 6x-5y=15?

According to Freud, what part of the mind is concerned with morals and ethics?A. egoB. preconsciousC. idD. superego

Horses became so valuable in north america that they:

Can anyone help me with this kinda stuck

The north american free trade agreement continues to spark debate today, particularly concerning?

Evaluate the following expression using the values given: Find 4x − y − 2z if x = −2, y = 3, and z = −2 −15 15 −7 7

Identify whether the statement below is TRUE or FALSE, then explain your reasoning. Be sure to explain your answer clearly and provide support for your statemen