jojoswiaprocks jojoswiaprocks
  • 04-02-2021
  • Mathematics
contestada

find the simple interest on each amount 1500 at 11% for two years

Respuesta :

ricdea0822 ricdea0822
  • 04-02-2021

Answer:

330.00

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 11%/100 = 0.11 per year,

then, solving our equation

I = 1500 × 0.11 × 2 = 330

I = $ 330.00

The simple interest accumulated

on a principal of $ 1,500.00

at a rate of 11% per year

for 2 years is $ 330.00.

Answer Link

Otras preguntas

What is the atomic number for an abundant element with mass number 12?
What types of trials did freedmen face after emancipation?
What were the underlying and precipitating causes of the hundred years war?
Solve for x. −3x + 2b > 8
When is it helpful to convert from point-slope to slope-intercept form?
All vehicles must have two red stoplights. They must be seen from __________ in the daytime, and must come on when the foot brake is pressed.
What isn’t considered a key component of fire?
Country names that can be spelled two ways
Together oxygen and nitrogen comprise what percentage of the atmosphere
Geometry Help Please