MeredithFurry MeredithFurry
  • 07-07-2015
  • Mathematics
contestada

Boris deposits $400 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 4 years

Respuesta :

srijanarao2012 srijanarao2012
  • 07-07-2015
simple interest formula= principle x rate x time
principle= $400
rate= 2% or 0.02
time= 4 years
so, SI= 400*0.02*4
SI= $ 32
Boris will pay an interest amount of $32 

Answer Link

Otras preguntas

Plsss help with this ASAP TT
What can the reader infer about the importance the discovery of the shipwrecks has to archaeologists
Question 6 of 20 : Select the best answer for the question. 6. An MLA in-text citation usually appears at the end of which of the following? A. Paragraph O B. P
A number has ........... number of factors but ........... number of multiple.
What are the common factors of 24 and 60
11. This was the dirtiest looking dog I ……………….(ever see). 12. My friend…………….. (not see) me for many years when I ……… (meet) him last week. 13. After John……………
X+y=2 và x-y=4 tim x và y
Please help explanation if possible
15cm 20cm find area ​
The vertex of the angle below is the center of the circle. Find n if n% of the circle is shaded. Give your answer as a mixed fraction.