Amoursadaria Amoursadaria

02-11-2020
Mathematics

contestada

A $600 deposit for 30 years at a simple interest rate of 2%

A 600 deposit for 30 years at a simple interest rate of 2 class=

Respuesta :

isabelaxchave isabelaxchave

02-11-2020

Answer: Interest rate is $360.00

Step-by-step explanation:

Equation:

I = Prt

P= $600.00

R= 2%

T= 30

I = 600 × 0.02 × 30 = 360

I = $ 360.00

The simple interest accumulated

on a principal of $ 600.00

at a rate of 2% per year

for 30 years is $ 360.00.

Answer Link

Otras preguntas

What are the slope and the y-intercept of the linear function that is represented by the equation y = 9x-2?

A rectangle is 25 in. long and 13 in. wide. what is the area of the rectangle? enter your answer in the box as a fraction in simplest form.

14x=28 I need help please

Reflecting the graph of y=cosx across the y axis is the same as not reflecting it at all. True or False

The sides of a triangle have lengths 4, 8, and 8. what kind of triangle is it?

An object moving at a constant velocity will always have a what

What is the y-intercept of the function, represented by the table of the values below? A) 12 B) 9 C) 3 D) 6

The following are examples of what an employer might ask of an employee submit to random drug testing. allow phone calls to be monitored. allow access to the em

what is 20 pounds in ounces

One side of a triangle is half the longest side. The third side is 8 meters less than the longest side. The perimeter is 47 meters. Find all three sides.