ssjdudjdsloe9910 ssjdudjdsloe9910

01-04-2021
Mathematics

contestada

A new bank customer with $4000 wants to open a money market account the bank is offering a simple interest rate of 1.5% how much interest with a customer in 20 years

Respuesta :

samuelonum1 samuelonum1

05-04-2021

Answer:

$1200

Step-by-step explanation:

Given data

Principal=$4000

Rate=1.5%

Time= 20years

The expression for simple interest is

SI= PRT/100

Substitute

SI= 4000*1.5*20/100

SI=120000/100

SI=$1200

Hence the interest is $1200

Answer Link

Otras preguntas

What do Frederick Douglass' words "America reigns without a rival" mean?

Using the equation y=ax^2+bx+c to represent a parabola on a graph, which statement is true?1) If b is negative, the parabola opens downward2) If a is negative,

1,352 pounds is what fraction short of a ton? A) 169/250 B) 77/100 C)13/20 D140/223

Help??? What is 3x+5x=67y?

Jonathan has been on a diet since January 2013. So far, he has been losing weight at a steady rate. Bases on monthly weigh-ins, his weight, w, can be modeled by

What challenges did the californios face?

What are some reasons why Immigrats people come to the U.S.?

name the four southwestern states where many Mexicans lived originally or settled

do you know how to say my in Spanish?

What two factors determine the state of rocks and metals Inside the earth?