keeponbelieving1 keeponbelieving1

01-07-2016
Mathematics

contestada

$1, 000 after 2 years at an interest rate of 3.0% is $ round up to the nearest cent

Respuesta :

meerkat18 meerkat18

01-07-2016

This may be a simple interest computation.

Simple Interest = Principal * interest rate * term

Principal = 1,000
interest rate = 3%
term = 2 years

Simple Interest = 1,000 * 0.03 * 2
Simple Interest = 60

Total Amount after 2 years: 1,000 + 60 = 1,060

Answer Link

Otras preguntas

10 veces más que 1 centena son

what does emulate mean

what are 2 items that weigh less than 1 ounce?what are 2 items that weigh more than a ton?

This was the outcome of what revolution? Countries achieved their independence from the European monarchies—notably Spain, Portugal, and France—that held power

a disinfectant is a substance used to

You fly from Los Angeles, California, to Miami, Florida. The plane travels a distance of 3,772 kilometers in the air. The flight takes 6 hours and 15 minutes. W

Could Obama Possibly be the worst president in the 5 of the U.S.

Which is a true statement about federal judges? They are appointed by the Senate. They serve five-year terms. They are approved by the Supreme Court. They serve

organic milk cost $2.25 per half gallon at this rate how can the price of organic milk be determined ?

why does it take 3 copies of 1/6 to show the same amount as 1 copy of 1/2m