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

Why did the Europeans use one crop economies in their colonies?

241,389.613 which digit is in the hundred millons place

4/x-3+5=2 What is the solution

Plz look at the pic!!!!!!!!!!

How did the philosophy of détente influence U.S. foreign policy during the Cold War?

Lea el extracto del acto I, escena ii de Romeo y Julieta.¿Cuál es el mejor Parafraseando de líneas de Capuleto?SbolCapuleto: Pero decir o'er lo que he dicho ant

Which political system provides the best example of a representative democracy? A. A country's citizens are given the right to vote on every one of the country'

WHAT IS POSITIVE ATTITUDE

All the fourth-graders in a certain elementary school took a standardized test. A total of 85% of the students were found to be proficient in reading, 78% were

How did expanding the national territory increase sectional tensions in the United States? (5 points) Northern and Southern politicians disagreed as to whether