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

Elizabethan drama followed many of the conventions of Greek and Roman drama.0TrueFalse

The functions of administrative agencies include a. Adjudicating which is the quasi-judicial functions which involves both fact-finding and application of the l

create an integer called n1 wnd set it equal to a random number between 0 and 1030

Which of the following scenarios illustrate the relationship between a good and its complement? (Select all that apply)When the price of Nikes increases, the de

Which of the following will promote vasodilation?O Angiotensin IIO EpinephrineO ExerciseO Heat

Indicate which endocrine structure is being described in each case. a. ___is the connection between the nervous system and the endocrine system.b. ___is called

g(x)=(x-1)^2 sketch the graph of the function

Provide three benefits to people, communities, and/or the world that are tied to energy conservation.

5. Pick out the word whose underlined part is pronounced differently from that the others. A. cooked B. stopped C. arrived D. watched

Which is the first part of the immune system to attack an invader?OA. MacrophagesB. T cellsC. B cellsD. Lysozymes