supermjh13 supermjh13
  • 03-05-2020
  • Mathematics
contestada

How much interest is earned on $300 at 6% for 6 years?

Respuesta :

xops
xops xops
  • 03-05-2020

Answer:

108 dollars

Step-by-step explanation:

First, let's convert 6% to a decimal.

We get 0.06 because we multiplied (or divided by 100) it by 1/100.

Now, let's do 0.06 * 300 to get interest on one year. This equals to 18$

Let's now do 18 * 6 to get

108 dollars

Answer Link
randalljacey randalljacey
  • 27-05-2022

Answer:

one hundred and eight dollars

Step-by-step explanation:

Answer Link

Otras preguntas

A buffer solution contains 0.500 mole per liter each of acetic acid and sodium acetate. Determine the pH of the solution. The Ka of the acetic acid is 1.74 x 10
In two to three paragraphs, hypothesize about the effect the local topography had on the wars. In what ways did the Vietnamese adapt their fighting strategies t
Law of conservation of momentum
You’ve just secured a new client in your accounting practice, Peter's Pool Corporation (PPC), a brand new small business specializing in pool service. The owner
Five times a number is divided by $7$ more than the number. If the result is $2$, then what was the original number? please help!
Hi May I know how to solve this step by step please
what is the sum of 1 2/5 and 5 3/4​
How many even 3 digit positive integers can be written using the numbers 3,4,5,6,and 7?
Desribe the structure of amino acids including what makes amino acids different from each other
define the unit of current​