raufmustafa1998 raufmustafa1998

22-01-2017
Mathematics

contestada

Find simple interest on $5,523 principal deposited for seven years at a rate of 4.99%

Respuesta :

apologiabiology apologiabiology

22-01-2017

I=PRT
I=interest
P=initial amount
R=rate in decimal
T=time in years

given
P=5523
R=4.99%=0.0499
T=7

I=(5523)(0.0499)(7)
I=1929.1839
round

$1929.18 interest earned

Answer Link

22-01-2017

Use the formula,

Simple Interest= Principal*Rate*Time/100=5523*7*4.99/100=1929.18$

Answer Link

Otras preguntas

. A little car has a maximum acceleration of 2.57 m/s2. What is the new maximum acceleration of the little car if it tows another car that has the same mass?

An art teacher has 3 pounds of clay. She wants to divide the clay equally among her 7 students. How much clay will each student receive?

An unknown substance with a mass of 5 grams releases 16.1 joules of energy when undergoing a temperature decrease of 7 degrees Celsius. What is the specific hea

Which daily task do technical writers perform? A. develop new company policies B. create clear and concise documents C. revise administration rules and protoc

if the vertex of a parabola is (0, -4), what is the axis of symmetry?

please help me i really need it

Could someone help explain how to do this please?

What is the molarity of a Sodium Chloride solution if 86.00g of NaCl was dissolved in enough water to form 1000.mL of solution?

what would happen if the moon took twice as long to rotate around the earth?

Please help! Due today!