How much interest does a $482 investment earn at 5% over 3 years?
2 answers:
Hi there! The answer you're looking for is $72.30. Simply multiply $482 by 0.05 (5%) and multiply that answer by three (three years) to get $72.30! Let me know if this helps! <3
Answer: $72.30
Step-by-step explanation: To solve this problem, first begin with the interest formula.
Formula: Interest = principal × rate × time
In this problem, we are solving for the interest.
The principal is the amount invested which in this case is $482. The rate is 5% which we can write as .05 and the time is 3 years.
Interest = (482)(.05)(3)
Interest = 72.3
This means that the interest earned is $72.30.
You might be interested in
Go to the store and you'll find it there just ask the manager
Answer: $32.06
Step-by-step explanation:
Let the regular price of the sweatshirt be x.
Therefore,
$22.44 = x - 0.3x
22.44 = 0.7x
x = about $32.06
Answer:
2a - 6 =
Step-by-step explanation:
yeah-ya........ right?
Answer:
15%
Step-by-step explanation:
percentage error equals to
(error / actual length) x 100
error = 1.5
actual length = 10
answer equals 15%