Find simple interest on $5,523 principal deposited for seven years at a rate of 4.99%

2 answers:

8 0

I=PRT
I=interest
P=initial amount
R=rate in decimal
T=time in years

given
P=5523
R=4.99%=0.0499
T=7

I=(5523)(0.0499)(7)
I=1929.1839
round

$1929.18 interest earned

Helga [31]3 years ago

5 0

Use the formula,

Simple Interest= Principal*Rate*Time/100=5523*7*4.99/100=1929.18$

You might be interested in

What is 20% of 5000

Dimas [21]

Answer:

1000

Step-by-step explanation:

8 0

3 years ago

Read 2 more answers

If the length of a rectangle is (x + 7) inches and the width is (3x+2) inches. Which expression represents the rectangle's area?

konstantin123 [22]

Answer:

The answer is no 1:

$3x ^{2} + 23x + 14$

5 0

3 years ago

Write an equation perpendicular to x-3y=3 passes through (5,-9)

kherson [118]

3y=x-3
y=1/3x-1
Perpendicular slope: -3
y=-3x+b
Plug in the coordinates in the equation:
-9=-3(5)+b
-9=-15+b
4=b
Equation: y=-3x+4
Also, when finding the perpendicular slope you take the reciprocal of the original slope and make it negative if it is positive and make it positive if it’s negative.

8 0

3 years ago

The length of each side of an equilateral triangle is increased by 20%, resulting in triangle ABC. If the length of each side of

kompoz [17]

Answer: Area of ΔABC is 2.25x the area of ΔDEF.

Step-by-step explanation: Because equilateral triangle has 3 equal sides, area is calculated as

$A=\frac{\sqrt{3} }{4} a^{2}$