Amoursadaria Amoursadaria

02-11-2020
Mathematics

contestada

A $600 deposit for 30 years at a simple interest rate of 2%

A 600 deposit for 30 years at a simple interest rate of 2 class=

Respuesta :

isabelaxchave isabelaxchave

02-11-2020

Answer: Interest rate is $360.00

Step-by-step explanation:

Equation:

I = Prt

P= $600.00

R= 2%

T= 30

I = 600 × 0.02 × 30 = 360

I = $ 360.00

The simple interest accumulated

on a principal of $ 600.00

at a rate of 2% per year

for 30 years is $ 360.00.

Answer Link

Otras preguntas

What is 0.75 as a fraction in simplist form

Who is SohCahToa Joe? on Csi geometry:trigonometry I need the answers.

How far does Franklin Roosevelt deserve his reputation as one of the greatest US presidents?

at what point do scientists classify an area's weather as its climate? 1 year ,5 years ,15 years or 30 years

Henry can ride his bike 23 miles in 2 hours. The store is six miles away. About hoe long should it take Henry to ride his bike to the store?

What is does the phrase foe to ambition.

what derived unit is usually used to express the density of liquids?

A number is divided by 32 is 96. What is the number?

How do you pronounce the letter "X" in Spanish?

names is often given to the journey of africans who were brought to the americas as slaves?