hbjackattack hbjackattack
  • 24-11-2020
  • Mathematics
contestada

How much simple interest is earned on a $1,500 savings account with a 7% interest rate in 4 years? Round to the nearest penny.

Respuesta :

gardnerdanj gardnerdanj
  • 26-11-2020

Answer:

$420 is earned in 4 years.

Step-by-step explanation:

1500 * 0.07 * 4 = 420

Answer Link

Otras preguntas

if a sum borrowed under compound intrest doubles itsef in 10 years, when will it become four fold?
Any number that is divisible by 3 is also divisible by 6.Find a counterexample to show that the conjecture is false. 21182412
the floor of the room is cooler than the ceiling.explain this based on air currents in the room.
what is the meaning of NADPH2
what is the area of a figure with vertices(1,1), (8,1) , and (5,5)?
is basil a herb or a shrub?
A softball player leaves the batters box, overruns first base by 3.0 meters, and then returns to first base. Compared to the total distance traveled by the play
Define unit of electric work (JOULE) in relation to quantity of charge and potential difference.
What were the two main reasons Spain sent expeditions to the Americas?
the transfer of goods, crops, and diseases between New and Old World societies after 1492 How was it called?