raufmustafa1998 raufmustafa1998

22-01-2017
Mathematics

contestada

Find simple interest on $5,523 principal deposited for seven years at a rate of 4.99%

Respuesta :

apologiabiology apologiabiology

22-01-2017

I=PRT
I=interest
P=initial amount
R=rate in decimal
T=time in years

given
P=5523
R=4.99%=0.0499
T=7

I=(5523)(0.0499)(7)
I=1929.1839
round

$1929.18 interest earned

Answer Link

22-01-2017

Use the formula,

Simple Interest= Principal*Rate*Time/100=5523*7*4.99/100=1929.18$

Answer Link

Otras preguntas

a forklift exerts an upward force of 2.00 * 10^3 n on abox as it koves the box 5.00 m forward how much work does the forklift do in the upward direction

which river is Old Fort Jackson located on?

what does the presidential power of veto allow

Which answer shows a correct way to divide the word at the end of a line? A. enchan-tment B. cannot be divided C. ench-antment D. en-chantment

6 2/3 as a decimal and fraction

A study of high school students in a college preparatory curriculum was designed to measure the effect of time spent doing homework to grades in courses. What

What Is The Role Of The Consul In The Conduct Of Foreign Relations?

How were the abolitionist movement and the Underground Railroad linked?

Why is the prehistoric period called the Stone Age?

why were the romans able to expand their control of italy?