1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Olin [163]
3 years ago
15

What is The simple interest earned on a deposit of $3000 at 6% for five years

Mathematics
1 answer:
Norma-Jean [14]3 years ago
4 0

Answer: $900

Step-by-step explanation:

The simple interest is calculated using the formula:

(P × R × T)/100

where,

P = Principal = $3000

R = Rate = 6%

T = Time = 5 years

Simple Interest = (P × R × T)/100

= ($3000 × 6 × 5)/100

= 90000/100

= $900

Therefore, the simple interest is $900

You might be interested in
Carl and Sure are planning to buy a new home. They will both retire in 16 years and do not want to have a house payment at that
nataly862011 [7]

The question is incomplete. The complete question is :

Carl and Sure are planning to buy a new home. They will both retire in 16 years and do not want to have a house payment at that time. Which offer should they choose?

Offer 1                                           Offer 2                                      

Rate: 7%                                         Rate: 6%                                                      

Time(years): 30                            Time (years): 25

Loan Amount: $200,000             Loan Amount: $200,000  

Monthly Payment: $1,330.60       Monthly Payment: $1,288.60

Total Financed:$479,017.80         Total Financed: $386,580.84

Offer 3

Rate: 5%

Time (years): 15

Loan Amount: $200,000

Monthly Payment: $1581.59

Total Financed: $284,685.71

Solution :

It is given in the question that Carl and Sue are planning to purchase a new house for them. Both of them are going to retire after 16 years from now and they do not want to have any house loan to pay at their retirement time.

So from the offers, Carl and Sue should take the Offer 3 to buy a home for them. This is because rate of interest for the loan amount is less as compared to the other two offers and also loan will be completed within 15 years from now. So they will not have any loan payment at their retirement period.

Therefore, they should choose Offer 3.

4 0
3 years ago
Read 2 more answers
I don't know this can someone help me?
Gemiola [76]

Answer:

513.247

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
What is the value of x?
adelina 88 [10]

This is an equilateral triangle, which is a triangle that has 3 congruent/equal sides and 3 congruent angles.


To find "x", you can set the sides equal to each other because they are suppose to be the same length (you can just do two sides because all of the sides are the same)

[Side AB = Side BC]

4x - 10 = 3x + 2     Subtract 3x on both sides

x - 10 = 2         Add 10 on both sides

x = 12


[proof]

Side AB:

4x - 10    Plug in 12 for x

4(12) - 10 = 48 - 10 = 38


Side BC:

3x + 2     Plug in 12 for x

3(12) + 2 = 36 + 2 = 38


Side AC:

5x - 22      Plug in 12 for x

5(12) - 22 = 60 - 22 = 38




This is also an equilateral triangle (the tick marks show that the sides are the same)

A triangle is 180°. So the three angles add up to 180°.

Since this is an equilateral triangle, all the angles should be the same.

Each angle is 60°

[60° + 60° + 60° = 180°   or you could have divided 180 by 3 = 60]


Now that you know each angle is 60°, you can do:

(2x - 4)° = 60°

2x - 4 = 60    Add 4 on both sides

2x = 64    Divide 2 on both sides

x = 32


4 0
3 years ago
100 POINTS!!<br> What is the value of x? Enter your answer in the box.
MakcuM [25]
The answer should be 46
4 0
3 years ago
A jar contains 6 red balls, 3 green balls, 5 white balls and 7 yellow balls. Two balls are chosen from
jeka57 [31]

Answer:

A jar 6red ball 3green ball 5 white ball 7yellow ball

5 0
3 years ago
Other questions:
  • Use complete sentences to explain how the quadratic formula is related to the process of completing the square.
    12·1 answer
  • A fan of country music plans to make a custom cd with 1313 of her 2525 favorite songs. how many different combinations of 1313 s
    14·1 answer
  • Before soccer practice, Laura warms up by jogging around the outside of the entire soccer field. Measures 80meters by 120meters
    8·1 answer
  • tony had 13 bills in his wallet. they were all fives or tens. the total amount of money in his wallet was $90. How many five dol
    9·1 answer
  • A prism with a volume of 875 m³ is scaled down to a volume of 448 m³. What is the scale factor?
    5·1 answer
  • Find \(\int \dfrac{x}{\sqrt{1-x^4}}\) Please, help
    14·1 answer
  • Product of 2.8 and 5.1
    15·1 answer
  • What is the slope of a line perpendicular to ta line whose equation is y = -3/4x - 6
    15·1 answer
  • X to the second power equals 24/9
    12·1 answer
  • Solve for x in the hanger below
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!