chris invests $14,000 at 4% simple interest for 2 year. How much is in the account at the end of the 2 years period?

1 answer:

4 0

Hi there,

Principle Amount = $14000

Interest for 1 year = 4% x 14000 = 0.04 x 14000 = $560
Interest for 2 years = 560 x 2 = $1120

Total amount at the end of the period = $14000 + $1120 = $15120

Answer: $15120

Hope it helps,
TF

You might be interested in

A rectangular prymaid is sliced to its base as shown in the figure.

Furkat [3]

The answer is D: rectangle

7 0

2 years ago

Which recursive sequence produced sequence 6, -26, 102,

LekaFEV [45]

The answer would be the first person said 6, -26,102

4 0

2 years ago

Simplify the following expression: (66)4

iren [92.7K]

Step-by-step explanation:

Given

$( {6}^{6})^{4} \\ = {6}^{6 \times 4} \\ = {6}^{24} \\ = 4.7383813e18$

3 0

2 years ago

Quadrilateral ABCD is inscribed in a circle.

Lerok [7]

In general, the sum of the measures of the interior angles of a quadrilateral is 360. This is true for every quadrilateral. This does not help here, because there are two angles (angles B and D) we know nothing about. We only know about opposite angles A and C.

In this case, you can use another theorem.
Opposite angles of an inscribed quadrilateral are supplementary.

m<A + m<C = 180

3x + 6 + x + 2 = 180

4x + 8 = 180

4x = 172

x = 43

m<A = 3x + 6 = 3(43) + 6 = 135

Answer: 135 deg

6 0

2 years ago

Cornelius is building a solar system model. He plans on making a circular ring around one of the planets out of wire. He wants t

astra-53 [7]

Answer:

$C = 2\pi r$