mcelwaneykaitlyn
mcelwaneykaitlyn mcelwaneykaitlyn
  • 10-03-2016
  • Mathematics
contestada

how much simple interest would you earn for 5 years at 7 with a beginning principal of $8 000.00

Respuesta :

apologiabiology
apologiabiology apologiabiology
  • 10-03-2016
I=PRT
r=rate in percent
t=time in years
p=principal

convert percent to decimal
assuming you means at 7%
percent means parst out of 100
7%=7/100=0.07

so ow we have
p=8000
r=0.07
t=5
i=8000 times 0.07 times 5
I=40000 0.07
I=2800

interest=$2800
Answer Link

Otras preguntas

What's 40 divided by .05
Except reproductive cells, all other cells of the body are _____ cells.
Why Was Piety Was So Important To The Puritans ?
10 facts about Anglo Saxons.
All reptiles are: a. endothermic. b. ectothermic. c. hypothermic. d. none of the above.All reptiles are: a. endothermic. b. ectothermic. c. hypothermic. d. none
How does viscosity affect flow width?
Which type of speech is most likely to employ idealism?.
All reptiles are: a. endothermic. b. ectothermic. c. hypothermic. d. none of the above.All reptiles are: a. endothermic. b. ectothermic. c. hypothermic. d. none
14. Fill in the gaps with one of the words. One variant is extra. 1) His test results are not good … A) such 2) Many children in this class are … young to be ab
Why does the constitution give the president veto power?