ceciliaviles1109
ceciliaviles1109 ceciliaviles1109
  • 21-01-2021
  • Mathematics
contestada

Raina deposits $5000 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 2 years?

Respuesta :

321abc123
321abc123 321abc123
  • 21-01-2021
Raina will be paid $200 interest in the first 2 years. This is because she is paid a simple interest rate of 2% and 2% of 5000 is 100. As it's for two years, you need to multiply the first year's interest by 2 to get the total interest over two years.
Answer Link

Otras preguntas

What is conserved during a chemical reaction matter, energy, both, or niether?
what role did slavery play in the southern plantation economy and how was it regulated
what is 18.386 meters in centimeters
What are John Rolfe achievements
Because we often can't choose who our coworkers will be, we should
You have a motion graph for an object that shows distance and time. How does the slope of the graph relate to the object's speed?
People conquered by Cortes
Who controlled vietnam for more than a thousand years beginning in 200 b. c.
Why might the culture of the mountain communities remain less changed over time then the communities of the deserts,oases or coastal plains
A grocery store receipt shows 5% state tax due on laundry detergent and a flower bouquet. Does it matter whether the tax is calculated on each separate item o