teresamm000tm
teresamm000tm teresamm000tm
  • 15-04-2021
  • Mathematics
contestada

Debbie has $460 in a savings account that earns 8% simple interest annually. How much interest will she earn in 5 years?

Respuesta :

abudimohamad
abudimohamad abudimohamad
  • 15-04-2021

Answer:

Hello! The interest would be $184. You would have to use the formula

I= P x r x t. I would equal interest, p is principal amount, r is interest rate and t is the time involved which is 5 years. But first you have to divide 8% by 100 which is 0.08. 460 x 0.08 x 5= $184

Step-by-step explanation:

Answer Link

Otras preguntas

What should you take into consideration on Harry Truman’s firing of general Douglas MacArthur?
What happened in Matamoros
The sodium-potassium pump regulates the amount of sodium and potassium inside of cells, particularly nerve and muscle cells. In this process, an ATP is burned,
Mansa Musa was the ruler of _____(Mali,Ghana,or Songhai?). He was a devout Muslim, and he took a journey - called a hajj - to the city of______(Mecca,Medina,or
What does a wholesailing company do
Tobacco has been solidly linked to heart disease, cancer, and respiratory illness, the leading causes of death in the United States. True False
¡ HELP Plz ! Rewrite this equation in standard form. y=-8x+2/7
In a polyribosome, which end of the mrna would have the shortest polypeptides?
Is interstitial and longitudinal growth the same thing?
which key figure ruled over Babylon at its height of power and influence?