SakariyeN109161 SakariyeN109161
  • 03-11-2022
  • Mathematics
contestada

Edward deposited 9,000 into a savings account 2years ago tthe simple interest is 2% how much money did edward earn in intrest

Respuesta :

ElnoraX163400 ElnoraX163400
  • 03-11-2022

We just need to use the simple interest formula:

[tex]I=PV\cdot r\cdot t[/tex]

Where:

I = Interest

PV = Principal or initial investment = 9000

r = interest rate = 0.02

t = time = 2

[tex]\begin{gathered} I=9000\times0.02\times2 \\ I=360 \end{gathered}[/tex]

$360

Answer Link

Otras preguntas

Ricardo has saved 83% of the money he needs to buy a new skateboard that costs $150. How much more does he need to save to buy the skateboard? 6th Grade MathPer
Do you think the activation energy for chemical reactions in living things is high or low
Need help with java project please!!
Which drug gives the user an initial feeling of confidence and well-being? A. cocaine B. heroin C. amphetamines D. marijuana
Indicate the relationship between the two structures in the pair. are they chair conformations of the same molecule? if so, are they conformational diastereomer
if y=4 and 1 over 4 when x=3 over 4,find y when x=4 and a half
Between 500 and 1450, a rivalry developed between the Christian European states and?
The plan of a building is drawn to a scale of 1:1200. If the foyer on the plans measures 65mm by 56mm, how large is the foyer In real life?
Who controls the means of production in a free enterprise system?
Organisms that live in the chaparral have developed unique adaptations that aid in their survival. The California quail is a small, plump game bird with short w