hahahalit7073 hahahalit7073
  • 17-05-2021
  • Mathematics
contestada

An account earns simple interest. Find the annual interest rate. Interest = $60 principle = $500 time = 2 years Please help!!

Respuesta :

Аноним Аноним
  • 17-05-2021

Answer:

A = $560.00

Step-by-step explanation:

I = A - P = $60.00

Formula:

[tex]A = P(1 + rt)[/tex]

First, converting R percent to r a decimal

r = R/100 = 6%/100 = 0.06 per year.

Solving our equation:

A = 500(1 + (0.06 × 2)) = 560

A = $560.00

The total amount accrued on a principal of $500.00 at a rate of 6% per year for 2 years is $560.00.

Answer Link

Otras preguntas

The name of earths single huge continent from over 250 million years ago is
What was an outcome of the North Atlantic Treaty? A. The United States extended its policy on isolationism. B. The Soviet Union blockaded Berlin. C. North Korea
The legislative branch has the power to borrow money. Please select the best answer from the choices provided T F
The Assyrian Empire developed because the society did not value military skills. True or False
what event prompted person Gulf War
subtract 7 12 times from 95
Which sentence is a run-on sentence? A. It just waits patiently, hoping an animal will pass nearby. B. Sooner or later an animal will brush against the bush, an
You are more likely to gain weight if you consistently eat a. amino acid supplements. b. larger-than-normal meals. c. nontraditional meals. d. protein powde
Caroline wants to give 8 equal size packets of flower seeds to her friends. She has 1/2 pound of flower seeds. How much will each packet of seeds weight? A. 1/1
Many people put these on when they want to read something