teresamm000tm
teresamm000tm teresamm000tm
  • 15-04-2021
  • Mathematics
contestada

Debbie has $460 in a savings account that earns 8% simple interest annually. How much interest will she earn in 5 years?

Respuesta :

abudimohamad
abudimohamad abudimohamad
  • 15-04-2021

Answer:

Hello! The interest would be $184. You would have to use the formula

I= P x r x t. I would equal interest, p is principal amount, r is interest rate and t is the time involved which is 5 years. But first you have to divide 8% by 100 which is 0.08. 460 x 0.08 x 5= $184

Step-by-step explanation:

Answer Link

Otras preguntas

Why does my stomach hurt every morning when i wake up?
How do I crest a blurb for the book I'm reading . Teacher said to make it creative
which is equal to 3^3 • 3^5? a. 3^−2 b. 3^2 c. 3^8 d. 3^15
In 1787, the fate of the Constitution was in the hands of the founder's the farmer of Constitution. the American people. state representatives.
Rudy and pablo each have a band. rudys band plays songs in sets of 8 and pablos band plays song in sets of 12. after performing together, both realize that they
the location of West and Central
The quotient of two negative integers results in an integer. How does the value of the quotient compare to the value of the original two integers
Half of a number is at least 14
You receive nine text messages and 12 minutes what is the rate of text messages per hour
Matter is composed of building blocks called:?