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

5) Factor completely. x² - 49

PLS HURRY!! Use the number line to find the difference of 3 1/2- 8. O A. 5, O B. -51 O c. C. -3 D. -41

1. Juan y Pedro viajan a España de vacacion coda uno lleva consigo € 2500 para sus gasto ¿cuantos lempiras en total llevon amos?

What is a benefit of an account with interest? A.You improve your credit history. B.You avoid fees. C.It tracks your spending, D.You earn money.

Brainliest for right answer Using the materials you’ve gathered, create your presentation. It should include 15 slides and be 5 to 10 minutes long. Be sure to

I need help ASAP please

Plz help! Im timed! Solve: 34x−5=10 A x = 12 B x = 16 C x = 20 D x = 24

what are the main differences between saving and investing?

Which word or phrase should be deleted? Mom has to descend down the basement stairs to do the family laundry. a Descend b. Down C to do d. has too

Integers, Rational Numbers, and Absolute Value Directions for (1-8) Plot each number on the number line -6 2/10 5 ⅗ -⅘ -2 6/7 11.5 -2.06 0.5