edengrove123
edengrove123 edengrove123
  • 01-05-2021
  • Mathematics
contestada

Cindi deposited $300 at 7.5% simple interest rate. How much interest will she earn after 5 years?

Respuesta :

melodyellison
melodyellison melodyellison
  • 01-05-2021

Answer:

$431

Step-by-step explanation:

using the formula P(1+r/100)^n,

we can substitute the P with $300,

substitute the r with 7.5%,

and substitute the n with 5.

Answer Link

Otras preguntas

what is the estimate of 92 times 68
What effect do you think the Pyrenees, Alps, & Carpathian Mountains had on life in medieval Europe?
For whom did the Massachusetts Bay Colony provide a safe religious haven?
A company sells cookies in 250-gram packs. When a particular batch of 1,000 packs was weighed, the mean weight per pack was 255 grams and the standard deviation
Canada and the US celebrate Labour Day the first Monday of September. Many other countries honour workers with International Workers' Day. When is that celeb
work out the value of 3x + 2y then x = 5 and y = 4
What is the term used to describe a person who served a ruler or prince? a. courtier b. Renaissance man c. humanist d. sprezzatura
sixteen action figures are arranged equally on 2 shelves. How many action figures are on each shelf?Model the problem with both an array and a labeled tape diag
is 9.23 greater than, less than or equal to 9.32
49,254 find value of 9