Answer:
Step-by-step explanation:
To find the amount deposited, we will simply use the formula for calculating simple interest.
Simple Interest = pxrxt/100 (fraction)
Where p = principal
R= Rate
T= Time
Principal is the initial amount deposited which we are ask to find.
R is given to be 6% and T is the time which is given in years
Simple interest is the interest earned over the year which is given to be $400
Lets substitute our variable into the equation
Simple Interest = pxrxt/100 (fraction)
$400 = P × 6 × 3 / 100
$400 = 18p/100 (fraction)
We will then cross multiply
$40 000 = 18 P
To get the value of P, we divide both-side of the equation by 18
4000/18 = 18p/18 (fractions)
$2222.22 = P
P = $2222.22
credits: ummuabdallah
Answer:
The answer is "Do her friends have accounts at the same bank?"
Step-by-step explanation:
In this question, the above given-choice is correct because the account on the same bank has certainly, but when a retirement fund in a company is concerned, you could only have a savings account on their behalf, and the mutual funds must then be distributed, and these several savings accounts can be opened is by tracking the amount they need to save for every savings target.
