jodihouston713 jodihouston713
  • 02-05-2022
  • Mathematics
contestada

If you invest $1600 at 5% for 3 years, how much simple interest is earned?

Respuesta :

saltedpasta
saltedpasta saltedpasta
  • 02-05-2022
5% of 1600 is $80.

You will get $80 added to your account every year for 3 years

You will earn $240 in simple interest.
Answer Link
preyeangalapele
preyeangalapele preyeangalapele
  • 02-05-2022

Answer:

$240

Step-by-step explanation:

S.I=PRT/100

P=$1600

R=5%

T=3

S.I =1600*5*3/100

S.I=$240

Answer Link

Otras preguntas

Can someone please help me ?
Please I have the answers I just want to double check them and Solvekey: B=42  A=93  N=29  X=361. (b-7)(2b-7)2. (4a-4)(5a-7)3. (5n-6)(4n+7)4. (2n=8)(8n+3)5. (6x
How many grandparents have my grandparents? who can solve it is very good on maths! it is just a lpgic problem! i know the answer :)
What were some events/things that caused the Great Depression?
USE A NUMBER LINE TO FIND 8/9 / 8/45.
what does etymology study?
Which of the allies suffered the greatest losses on D-Day
Differences between DNA and RNA include which of the following? (1) RNA consists of one nucleotide chain. (2) RNA contains the nitrogen base uracil instead of t
If it takes Mark twice as long to earn $6.00 as it takes Carl to earn $4.00, what is the ratio of Mark’s pay per hour to Carl’s pay per hour?
how do day and nightat uranus's equator change asthe uranus revolves around the sun?