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

What is Iago positioning Roderick to do?
Which word best transitions from one sentence to a similar idea in another sentence?
How do I find surface area of a prism?
Helppp Plsss Asap!! Thanks!! ​
To factor 9x^2-4 you can first rewrite the expression as
Why did many American people choose to move west? A: to found peaceful communities with native Americans B: to become wealthy off of the Asian markets C: to pu
A recipe for quinoa no calls for 2 and 2/3 cups of milk Connor wants to make four batches of quinoa how much milk does he need
Find the inverse of the linear function y=1/2x+3.
plz help!! I'll give brainliest!!!!​
What factors helped solidarity develop among American Indians?