aedupsmusic6088 aedupsmusic6088

22-01-2021
Mathematics

contestada

A bank is offering 3.5% simple interest on a savings account. If you deposit

$7,500, how much interest will you earn in 2 years?

Respuesta :

topeadeniran2 topeadeniran2

23-01-2021

Answer: $525

Step-by-step explanation:

The formula for Simple interest is calculated as PRT where

P = Principal = $7500

R = Rate = 3.5%

T = Time = 2 years

Interest = PRT

= 7500 × 3.5% × 2

= 7500 × 0.035 × 2

= $525

Answer Link

Otras preguntas

How do you turn 40/4 into a mixed number?

What was one effect of the Alien and Sedition Acts? A) It limited the power of the Democratic Republican Party. B) It provoked a crisis that briefly united Am

The First Continental Congress that met in 1774 created the Continental Association. What was this Association? a group of men who organized demonstrations agai

What are three things all stories have in common?

When would the government be allowed to limit what people say?

According to the Supremacy Clause of Article 6 in the U.S. Constitution, if a state law goes against the Constitution, which would be overturned?

each of the following is a part of the executive branch except a) an agency b) an administration c) a commission d) a court

The ogre breath smelt just like

habitat is when the last individual in a species dies or is gona be extincation ? help me please

which two factors can both cause a population to increase