Answer:
$600 interest will be paid in the first 5 years
Step-by-step explanation:
Simple interest is calculated only on the principal or initial amount deposited. Jim deposits 6000 into an account that pays simple interest at a rate of 2% per year. The formula for simple interest is expressed as
I = PRT/100
Where
I represents interest after the given time.
R represents the interest loan on the principal.
T represent number of time in years.
P represents principal or initial amount deposited.
From the information given,
R = 2
P = 6000
T = 5
I = (6000 × 2 × 5)/100 = $600
Answer:
i'm really smart i scored a on this topic
8.34 * 3 = 25.02
8.34 * 0.5 = 4.17
25.02 + 4.17 = 29.19
Step-by-step explanation:
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Answer:
6$ is the correct answer have a good day :)
Answer: its geometric
Step-by-step explanation: The numbers are separated and are counting up Individually
