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Oksi-84 [34.3K]
3 years ago
13

How much simple interest is earned on $6000 principal, with an annual interest rate of 3.7% over 5 years?

Mathematics
2 answers:
diamong [38]3 years ago
8 0
I = PRT
P (principal) = 6000
R (rate) = 3.7%.....u need decimal form = 0.037
T (time) = 5

I = (6000)(0.037)(5)
I = 1110.00 <===

u dont need years as a decimal...u need rate as a decimal
LuckyWell [14K]3 years ago
6 0
Data:
I = ?
P = $6000
rate = 3.7% = 0.037
t = 5
Answer (C)
<span>simple interest = <span>$1110.00</span></span>
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For every team competing in a robotics competition, there are 4 students. How many students are on 3 teams?
givi [52]

Answer:

<em>There are 12 students.</em>

Step-by-step explanation:

This is because there are 4 students per team, and there is 3 teams.

So...

3 * 4 = 12 students

8 0
3 years ago
Solve for the unknown variable: -8m - 9 = 39
Lemur [1.5K]

Answer:

m =-6

Step-by-step explanation:

To solve for the unknown variable, m, we have to get m by itself. Perform the opposite of what is being done to the equation.

-8m-9=39

9 is being subtracted from-8m, so add 9 to both sides. Addition is the opposite of subtraction.

-8m-9+9=39+9

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-8m=48

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6 0
3 years ago
Read 2 more answers
E) Natasha's parents want to support Natasha by saving $5000 for her college. They searched up for some investment options and c
Bas_tet [7]

Answer:

Amount she would have in 2 years at a simple interest of is

$5000 + ($5000 x 0.048 x 2) = $5480

Amount she would have in 2 years at a 4.1 % / year compounded semi- annually is :

$5000 x ( 1 +0.041/2)^4 = $5422.78

the first option yields a higher value in two years when compared with the second option. Thus, the first option is the best one to choose

Step-by-step explanation:

Future value with simple interest = principal + interest

Interest = principal x interest rate x time

0.048 x 5000 x 2 = 480

future value = $480 + 5000 = $5480

The formula for calculating future value with compounding:

FV = P (1 + r)^nm

FV = Future value  

P = Present value  

R = interest rate  

m = number of compounding

N = number of years

5000 x ( 1 + 0.041 / 2)^(2 x 2) = $5422.78

8 0
2 years ago
A pool table is 95 inches long and 51 inches wide. what is the length of the diagonal of the pool table?
anzhelika [568]
I really think your is 12 feet and 2 inches
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2 years ago
What type of endorsement is illustrated by the following example:
Bezzdna [24]
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1. Blank endorsements have just your signature on the back. Anyone can cash or deposit a check with this endorsement.

2. Restrictive endorsements have "For Deposit Only" on the first line, then your signature below that. This type of check can only be deposited, not to be cashed for money.

3. Special endorsements are for giving your check to another person. This check can only be deposited or cashed by the person designated on the back. For this endorsement, you would write "Pay to the order of" and then the person's name you want to give the check to. You would then sign your name underneath that. 

As seen in your question, Isis Love is signing it as a special endorsement<em />. She is giving her check to Mike Lopez so his name follows "Pay to the order of". The numbers at the bottom would represent the bank account number. 
7 0
3 years ago
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