MeredithFurry MeredithFurry

06-07-2015
Mathematics

Answered

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

Verified Answer :

srijanarao2012 srijanarao2012

06-07-2015

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

Related Questions

What is a group of many island

the first number in a multiplication problem is called the

PLEASE HELP I GIVE THANKS

Besides using chemical leavener how is carbon dioxide released during the baking processa Vinegarb Mixing c Water vapord Egg whitese Yeast fermentation

How many GPS satellites are required to pinpoint your location on earths surface a24 b12 c3 d5

If 25 divided by blank 45 what is blank

Sally has 2 34 of string and Shawn has 9 34 of string multiply to find out how much they can split into 9 friends

Its the officials responsibility to insure that teammates are communicating effectively with one another True or false

3 and 10 are a factor pair of 30 because $30=3 \times 10$. Break apart the 10 to find another factor pair of 30. $\begin{aligned} 30 & =3 \times 10 \\ & =3

Why is Nelson Mandela important to society