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Softa [21]
1 year ago
12

$2,380 is deposited into an account that earns 3% simple interest for 4 years. How much interest is earned?

Mathematics
1 answer:
hoa [83]1 year ago
5 0

Remember that we can calculate the sinmple interest earned in an investment or saving using the formula:

I=\frac{P\cdot R\cdot T}{100}

Where:

P is the money invested/saved

R is the rate of interest

T is the time of the investment/deposit in years

Using this formula and the data given, we get:

I=\frac{2380\cdot3\cdot4}{100}\Rightarrow I=285.60

Therefore, the interest earned is $285.60

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What is the abscissa of the midpoint of the line segment whose endpoints are (5, 2) and (2, 2)?
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Answer:

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Step-by-step explanation:

the midpoint of the line segment whose endpoints are (5, 2) and (2, 2)

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