Faythworks3685 Faythworks3685

15-12-2020
Mathematics

contestada

After 12 years, a deposit of $10,000 into your college account has earned $6,000 in interest payments. What simple interest rate did the account earn

Respuesta :

oscar236 oscar236

15-12-2020

Answer:

5%

Step-by-step explanation:

I = PRT/100 where I = interest, P = initial deposit, R = the rate in %, T = number of years.

So substituting the given values:

6000 = 10000*R* 12/100

10000*12*R = 100*6000

R = 100*6000 / (10000 * 12)

R = 600000/120000

= 5%

Answer Link

Otras preguntas

Part A. Jeremy wants to put a fence around a circular swimming pool. He knows the area of the pool's top surface is square meters. How much fencing does Jeremy

By 1840, how much cotton did the united states produce per year

A group of words with a subject and verb that does not express a complete thought is called a(n)

1. Our Town is a play that sparks feelings of nostalgia in many readers and viewers. This nostalgia can be largely attributed to Thornton Wilder’s depiction of

While I was jogging, I was able to run 5 miles in thirty minutes. From this information, we can determine my a)velocity. b)acceleration. c)speed. d) di

The first menstrual period, which usually occurs at approximately age 13, is called:

What happens to scout and jem as they walk towards the school?

What would be the advantage of changing this excerpt to Avery’s first-person point of view? to compare Rosa Parks and Irene Morgan in more detail to add more fa

Which statements describe chemical changes? Check all that apply.

In the case Lochner v. New York, who did the Supreme Court rule could determine the length of the workday? A) the unions and workers B) the employers and employ