Lupychan6000 Lupychan6000

12-01-2017
Mathematics

contestada

Joe barrowed $2,000 from the bank at a rate of 7% simple interest per year. How much will be in your account in 5 years?

Respuesta :

MissPhiladelphia MissPhiladelphia

18-01-2017

For the answer to the question above,
The simple interest formula is I = P * r * t

P is the principal (2,000)
r is the interest rate (7% or 0.07)
t is the time (5)

2000 * 0.07 * 5 = 700

$700.00 is the interest

Joe has to pay $700.00 in interest.
I hope this helps

Answer Link

Otras preguntas

Which is in order from least gravitational force to greatest? a. earth, jupiter, moon, sun b. earth, moon, jupiter, sun c. moon, earth, jupiter, sun d. sun,

Jay mows 1 lawn every day monday through saturday he is pay $25 for each lawn how much money does jay earn mowing lawn's

Find the value of b so that the slope of the line passing through the points A (1,b) and B (-4,-10) is 2

Identify the sentence that does not have a compound subject. A. A salad with chicken and ham makes a healthy dinner. B. Every teacher and student at this colleg

During the early decades of British settlement Australia was considered a

In 1942, president roosevelt authorized the roundup and internment of all americans of japanese descent because

whats the prime factorliztion of 180 in exponential form

An auditorium has 20 seats on the first row, 24 seats on the second row, 28 seats on the third row, and so on and has 30 rows of seats. how many seats are in th

PLEASE HELP MEEE!!!!!!!!!!!!!!!!!!!

Calculate the pH of a buffer consisting of 0.50 M HF and 0.45 F- a) before b) after addition of 0.40 g of NaOH to 1.0 L of the buffer