AaronLopez17 AaronLopez17

24-05-2017
Mathematics

contestada

Ben Snell has $400 in his savings account. His annual interest rate is 4%. How much simple interest did he earn after six months?

Respuesta :

Baileymetschke1 Baileymetschke1

24-05-2017

$400 x .04 x.5 = 8
8+400 = $408.00

Answer Link

snshin444 snshin444

24-05-2017

400 times .02= $8.00
4% is a year of interest 2% is six months
take 400 x.02 you come up with 8.00

Answer Link

Otras preguntas

Giving characters struggles and motivation

Discuss the significance that segregation, voting rights, and education had on African American life in the South during the late 19th and early 20th centurie

what does it mean to capitalize interest

When sulfuric acid and potassium hydroxide neutralize each other to make water and potassium sulfate, how is water formed?

A spinner has five congruent sections numbered 1, 2, 3, 4, 5. Rahm made 50 spins of this spinner and recorded the outcomes in this table. Outcome Number 1

What regions did France control in North America?

How many pennies remain when 68 is divided by 7

Which organization is an example of the second Great Awakening's influence on society?

What advantages did the North have over the South in the U.S. Civil War?

The hospital shop buys cereal bars in pack of 4 . In one day they sell 58 cereal bars. How many packs of cereal bars did they use that day?