Wildhorses6386 Wildhorses6386

16-04-2021
Mathematics

contestada

You deposit $300 dollars in a savings account the account earns 10% simple interest per year whats the interest after 8 years

Respuesta :

samuelonum1 samuelonum1

20-04-2021

Answer:

$240

Step-by-step explanation:

Given data

Principal= $300

Rate= 10%

Time= 8 years

We know that the expression for the simple interest is given as

SI= PRT/100

Substitute

SI= 300*10*8/100

SI= 24000/100

SI= $240

Hence the interest is $240

Answer Link

Otras preguntas

Factoring Expressions - Item 2782 Factor the expression 3y2 +12y.

Bike-a-Rema rents bikes at an hourly rate of $9.00 per bike,but also charges a flat maintenance fee of $5.00.For maintenance fee,bike-a-Rama provides grease for

Why was a group of POWS known as the "Lost Battalion"? A The Japanese miltiary refused to reveal where these prisoners were held for over a yearB They were lost

Which of the following is the most stable carbocation ?

Prompt In one paragraph, identify the roles of private citizens in managing the environment. Your response should discuss four to five responsible actions that

What technological development had the biggest impact on filmmaking in the 1920s and 30s? (It’s hinted at towards the end of the video, or you can consider what

Given rhombus TURN , with angle T measuring 60 degrees and the side length equal to 10 cm, calculate the area of the rhombus. Leave your answer in simplest radi

Please help me with this!

A cinema has three screens .

Infection with H. pylori is associated with increased risk of peptic ulcers, but also seems to afford some protection from _____. a. GERD b. IBS c. heartbu