ceciliaviles1109
ceciliaviles1109 ceciliaviles1109
  • 21-01-2021
  • Mathematics
contestada

Raina deposits $5000 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 2 years?

Respuesta :

321abc123
321abc123 321abc123
  • 21-01-2021
Raina will be paid $200 interest in the first 2 years. This is because she is paid a simple interest rate of 2% and 2% of 5000 is 100. As it's for two years, you need to multiply the first year's interest by 2 to get the total interest over two years.
Answer Link

Otras preguntas

When Japan agreed to be demilitarized post WWII....for how long did this agreement bind them?
At the __________, the light rays convert to electronic impulses and the optic nerve transmits them to the brain.
1. Which of these documents inspired the "unalienable rights" outlined in the Declaration of Independence? (1 point) Code of Hammurabi Petition of Right T
Soft body parts such as organs and skin do not fossilize well because
Which of the following was true of coins? They lost their value. They made international trade easier. They were not as convenient as bartering. They were
What is "sin"? in the bible
a 100 point test has x questions worth 2 points each and y questions worth 4 points each what is the total that is given
What is the difference between the senate and the house?
What evidence will disprove a species are the same that have the same dna.?
Find the slope of the line that passes through (-9, 5) and (6, 13)