radomes.openskiesproject.org
MCkosmoNOT MCkosmoNOT
  • 01-02-2017
  • History
Answered

You invest $4,000.00 for six months at a 4.25% APR. How much interest will you earn?

Verified Answer :

jeniferleiva01
jeniferleiva01 jeniferleiva01
  • 01-02-2017

[4000(0.042
5)]/2=$85 this is the answer...

Answer Link
millermoldwarp
millermoldwarp millermoldwarp
  • 26-03-2019

The correct answer is that the interest earned in 6 months for an investment of $ 4,000.00 at an interest rate of 4.25% per year was $ 85.

I = P i n       where:     I = earned interest,        P = capital

i = annual interest,         n = time

I =?    P = $ 4,000.00      i = 4.25%      n = 1/2 years

I = $ 4,000.00 0.0425 0.5

I = $ 85.00

Answer Link

Related Questions

The folowing questions i need some help with please 80 ofgames is 32 games 75of peaches is 15peaches 2 doctors is of 25 doctors of 200 miles is 150 miles 60 min
what are some examples of vascular plants
Which system helps to prevent microscopic infection and also regulates body temperature
Pls solve the problem in the pic
Ships could reach the port of St Petersburg via the Baltic Sea Where is that
What is a periodic element that was named after Einstein
how to find the average range of cells A1A10
What does sound reasoning mean
Can you solve this for me by Factor out the GCF Then continue to factor by using other methods2a 32
Carries sperm from the testis to the uretha