Rita deposits $800 into an account that pays simple interest at a rate of 3% per yearHow much interest will she be paid in the f
irst 3 years?
1 answer:
Answer: $72
Step-by-step explanation:
Simple interest (I) is calculated as Principal × Rate × Time.
From the question, Principal = $800
Rate =3% = 3/100= 0.03
Time =3 years
Slot in the values into the formula;
I = 800 x 0.03 x 3
I= $72
I hope this is clear
You might be interested in
Answer:
The slope of a line parallel to the given line = 5
The slope of a line perpendicular to the given line = - 1/5
Step-by-step explanation:
Answer:
lays
Step-by-step explanation:
The equation in slope intercept form for the line with slope 3 and Y intercept -1 is y = 3x -1 .
X would be equal to 0 while y would be equal to -1
-20(0)+6(-1)=-6
-10(0)-4(-1)=4
Answer:
for example, if f(x)= x^2 + 3
and they gave write f(5)= 5^2 +3
=25+3=28
