larryhurdle23 larryhurdle23

25-10-2021
Mathematics

contestada

You deposit $200 in a savings
account that pays a simple
interest rate of 3.25% per year.
How much interest will you earn
after 5 years?

Respuesta :

sbeetner33 sbeetner33

25-10-2021

Answer:

$32.50

Step-by-step explanation:

The equation for simple interest is

Simple Interest=P×r×n

where:

P=Principal amount

r=Annual interest rate

n=Term of loan, in years

so

P=200

r=0.0325

n=5

so 200*0.0325*5=32.5

Answer Link

Otras preguntas

Someone who is running for a political office is known as a __________. a. agent b. official c. candidate d. representative

Which of the following would be not considered philosophes? a. Philosophers c. Economists b. Writers d. Warriors

What threatened the economic good times of the 1920s? A.) restrictions that limited how many stocks an individual could own B.) a lack of credit and a steady de

Which of the following actions did James Madison take with the Congress when he became president? Select one: a. Pass the Embargo Act of 1807 b. Only allow the

If early childhood educator Monica Moniz wishes to be consistent with Piaget's ideas about child development, which of the following should she do with her stud

How is heating of sugar and heating of ammonium chloride different from each other? Explain your answer.

I need help with one problem. When limiting factors ________, diversity in populations _________. A. decrease; decreases B. increase; increases C. increase; dec

Wind erosion _____. a)removes the fertile B horizon of soil b)can be reduced by cutting down trees c)happens slowly in dry climates d)is both destructive and co

HELP! PLEASE! I CAN'T FIND THE ANSWER! The product of two consecutive integers is 2 more than twice their sum. Find the first integer.

Which statements accurately explain why the Renaissance began in the Italian city-states? Choose all answers that are correct. a. Italy had been the center of t