Wildhorses6386 Wildhorses6386

16-04-2021
Mathematics

contestada

You deposit $300 dollars in a savings account the account earns 10% simple interest per year whats the interest after 8 years

Respuesta :

samuelonum1 samuelonum1

20-04-2021

Answer:

$240

Step-by-step explanation:

Given data

Principal= $300

Rate= 10%

Time= 8 years

We know that the expression for the simple interest is given as

SI= PRT/100

Substitute

SI= 300*10*8/100

SI= 24000/100

SI= $240

Hence the interest is $240

Answer Link

Otras preguntas

A liquid of density 1200kg/m³ is filled in a beaker upto the depth of 50 cm. calculate the pressure at bottom of the breaker.(g=9.8m/s²)

Write the appropriate form of the possessive adjective indicated in the parentheses Mi-Mis Tu-Tus Su-Sus Nuestro/a-Nuestros/as Linda y Maria son___ (my) hijas

Solve for x . 7 - (2 x + 11) + 3(3 - x ) = 20 A.7/5 B.-3 C.-4

why did mercantilists believe that nations should set up overseas colonies?

ABCD is a rectangle. Its diagonals meet at O. Find the value of x if OA = 2x + 4 and OD = 3x + 1. step by step explanation

How important is Forensic Chemistry in Criminal Investigation?

Write True for correct statements and False for incorrect statements a. We should not lend goods to our neighbours.

b) Express ⃗=(-2,16,2) as the linear combination of ⃗= (0, 3, 4 ) and ⃗⃗= (0, 0, -2) and ⃗= (1, -5, 0)

14. In the story a worn path what are the universal ideas of the story?

Please help me I nned help