AgustinJ23019 AgustinJ23019
  • 25-10-2022
  • Mathematics
contestada

Chloe deposits $2,000 in a money market account. The bank offers a simple interest rate of 1.2%. How much internet she earn in 10 years?

Respuesta :

EmahY241824 EmahY241824
  • 25-10-2022

Given data:

deposits = $2,000

simple interest rate =1.2%

time =10 years

The formula to find the amount is,

[tex]A=\frac{\text{p}\cdot\text{n}\cdot\text{r}}{100}[/tex][tex]\begin{gathered} A=\frac{2000\cdot10\cdot1.2}{100} \\ A=\frac{24000}{100} \\ A=\text{ 240} \end{gathered}[/tex]The intrest she earn in 10 years is $240.

Answer Link

Otras preguntas

What is the position of the earth in relation to the sun in the summer?
Which of these are equal to the diffrence of 4/6 and 1/9 circle all that are equal to the difference?
What year did the U.S. join the great war?
Guys last one then I finished let's gi
How do you add unlike fractions
A nosotros ___________ mirar la televisión en casa.
I need help please.
What would be the correct way to say, "...before I had begun..." in French? Native speakers or long term learners preferably...Google translate destroys the cau
What is the scientific definition of energy that relates it to work?
Select ALL of the events that resulted from the hostilities between the United States and the Soviet Union following World War II. A. The Cuban Missile Crisis B