robertserica34p1a1hh
robertserica34p1a1hh robertserica34p1a1hh
  • 11-03-2020
  • Mathematics
contestada

Charlie deposits $4000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 6 years

Respuesta :

tolaosunrinde
tolaosunrinde tolaosunrinde
  • 11-03-2020

Answer: $480

Step-by-step explanation:

Simple interest (I) is calculated as Principal x Rate x Time

From the question, P= 4000

Rate= 2% = 2/100 = 0.02

Time= 6 years

Then slot the values into the formula

I= 4000x 0.02x 6

=$480

In the first six years, charlie will be paid $480 as interest.

I hope you understand this, please mark as brainliest answer.

Answer Link
whyvanok20
whyvanok20 whyvanok20
  • 11-03-2020
480 will be the answer
Answer Link

Otras preguntas

Put these numbers in order from least to greatest 35%, 1/3, 9/2, 2/3, 3/5, 0.05, -4
how did hitler break the munich agreement
how could I divide 1.78 divided by 2
What does cm3 mean in maths
Easton won best of show in 60% of the shows he entered. In how many shows was Easton entered if he won 15 times last year?
where was the largest -known hellenistic statue located
three traits that might be desired in sheep
There were 220 tickets sold for a school wrestling match. Tickets were $2.50 for adults and $1.50 for students. The total amount collected was $465. How many o
the lenghtvof each side of a square is 2.5 meter. if each side is doubled in length, what is the effect on the perimeter of the square? a.it remain the same
Using r.i.v.p. How do I calculate circuits wit 12 volts