lovenbeautz lovenbeautz
  • 20-01-2016
  • Mathematics
contestada

The principal on Marcus’ savings account is $4,500. The APR is 5.3%. What is the simple interest after 30 weeks?

Respuesta :

taskmasters
taskmasters taskmasters
  • 20-01-2016
The principal on Marcus’ savings account is said to be 4 500 dollars
I think APR means annual percentage rate which is said to 5.3%.
Now, the question is, what is the simple interest that Marcus will earn after 30 weeks?
=> 30 weeks is equals to 6 months approximately.
Let’s solve first the annual interest
=> 4 500 dollars * .053 = 238.5 APR
=> 238.5 / 2 = 119.25
Thus, marcus will earn 119.25 dollars interest in 30 weeks.




Answer Link

Otras preguntas

What patriot disguised himself as a teacher to spy on British
what number is in the hundredths place in 3.86
What are 2 things that greatly helped the American Economy after the war? the huge buildup in U.S military. the beginning of the Korean Conflict the creation of
What style of music created a dissonant sound using uncommon scales? ------Romanticism -Expressionism -Impressionism -Jazz
Superman fell from the Eiffel Tower how fast was super man traveling when he hit the ground 7.80 seconds after falling
1.Is the example a complete sentence, sentence fragment, or run-on sentence? Enjoying the humorous comic strips. A. run-on sentence B. complete sentence C.
640 divided by 9 how much dose it =
Which values satisfy the inequality? |x|< 3 Choose all answers that are correct. A. x = -6 B. x = -5 C. x = -1 D. x = 2
what is 8.984 rounded to the nearest hundredths
During the colonial period, the British Parliament used the policy of mercantilism to