radomes.openskiesproject.org
isa37 isa37
  • 02-01-2017
  • Mathematics
Answered

what is the simple interest earned in a savings account that pays 5% interest if $500 is deposited for 4 years

Verified Answer :

texaschic101
texaschic101 texaschic101
  • 02-01-2017

I = PRT
P = 500
R = 5% = 0.05
T = 4

I = PRT
I = (500)(0.05)(4)
I = 100 <=== so interest earned = $ 100

Answer Link

Related Questions

help me solve 23 m42
Whats the answer to this
what were two ways mansa musa spread islamic faith through west africa
How do you write 275100
A major problem for most early agricultural societies was
How can people under the age of 18 take part in American political life
How does a bicycles kinetic energy change when it slows down
during periods of economic growth consumers buy more goods and services this causes businesses to produce goods and services amore bfewer cthe same
What experience did king Louis 14 have with talent
In the excerpt Poole and Utterson are comparable characters in that they are both