Assume that you set aside $500 per year, and invest that money over the next five years in an account earning 6%. What is the am
ount of interest you will earn on this investment?
1 answer:
Answer:
150
Step-by-step explanation:
This is a case of simple interest.
The formula for this is as follows:
S.I = PRT/100
P = principal = $500
R = Rate = 6%
T = Time .= 5 years
Substituting all in the earlier equation will yield:
S.I = (500 * 6 * 5)/100 = 15,000/100 = $150
You might be interested in
Y=2
X= -3/2
Vertex= -3/2 and -1/4
Answer:
5 cakes
Step-by-step explanation:
13 1/3 ÷ 2 2/3
40/3 x 3/8
= 5 cakes
Answer:
B should be the answer but it could but C
Answer:
error
Step-by-step explanation:
1/8 of all=mystery
mystery=3
'of' means multiply
therefor
1/8 times all=3
multiply both sides by 8/1 to clear fracion
all=24
