jodihouston713 jodihouston713
  • 02-05-2022
  • Mathematics
contestada

If you invest $1600 at 5% for 3 years, how much simple interest is earned?

Respuesta :

saltedpasta
saltedpasta saltedpasta
  • 02-05-2022
5% of 1600 is $80.

You will get $80 added to your account every year for 3 years

You will earn $240 in simple interest.
Answer Link
preyeangalapele
preyeangalapele preyeangalapele
  • 02-05-2022

Answer:

$240

Step-by-step explanation:

S.I=PRT/100

P=$1600

R=5%

T=3

S.I =1600*5*3/100

S.I=$240

Answer Link

Otras preguntas

I need a 19:7 sentence plz
Help pleaseeeeeeeeeeeeeeeee
Solve the equation: 3x + 1 over 4y2 Please help
In theatre 3. Who makes the show look good?
The perimeter of a rectangle is 86. The length of the rectangle is one more than twice the width. Determine the length and width of the rectangle.
f(x) = -(3x - 3)(x^2+5)
pls help i dont get this pls
Describe America at the start WWII. What were most Americans' views on the war?​
Desertification would MOST impact which climate area first? A) Sahel B) Mediterranean C) Tropical Savanna D) Tropical Rainforest
When a ball bounces back when you throw it at a wall, what occurs? A- refraction B- reflection C- diffraction D- absorption