Jen has $60 in a savings account that earns 5% interest per year. the interest is not compounded. How much interest will she ear
n in 3 years
1 answer:
Answer:
$9
Step-by-step explanation:
Firstly, I want to say, if the interest is not compounded that means it is simple interest.
Simple interest is also called non-compounding interest.
We've, Principal(p)= $60
Rate of Interest (R)=5%
Time (T)= 3 years
Interest (I) = ?
By formula of Simple Interest,
S.I = PTR/100
=(60×3×5)/100
=900/100
=9
THEREFORE, the interest amount is $9.
Thank You.
You might be interested in
You can pull out a greatest common factor (GCF).
1. GCF: x
2. GCF: p
3. GCF: 8
Answer:
w=7.
Step-by-step explanation:
Divide 7 on both sides of the equation.
This would simplify to 6.60 meters/second.
Answer:
14%
Step-by-step explanation:
A way I usually do it is with a fraction setup.
280/2000 = ?/100
multiply 280 by 100, and you get 28000. divide this by 2000, and you get 14!
Answer:
29.187
Step-by-step explanation:
Cos38°= base/hypotenuse
Cos38°= 23/w
w= 23/Cos38°
w= 23/0.788
w= 29.187
Hope it helps :-)