2 years ago

You deposit $300 in a savings account. The account earns 2% simple interest per year.

Mathematics

1 answer:

Sholpan [36]2 years ago

8 0

Answer:

Answer:

a. ----> $10

b. ----> $110

Step-by-step explanation:

principle ( p ) = $100

time ( t ) = 10 years

rate ( r ) = 11%

simple interest = (p × r × t)÷ 100

= ( $100 × 11 × 10 )÷ 100

= 11000 ÷ 100

= $110

interest = simple interest - principle

interest = $110 - $100

= $10

You might be interested in

What decimal is equivalent to 13/10

LUCKY_DIMON [66]

Answer:

1.30

Step-by-step explanation:

because it's 13 / 10 it means that there is a whole number , 13 - 10 equals 3 oh, so you divide 3 from 100

4 0

2 years ago

Which measurement is the best estimate for the capacity of a bottle of nail polish?

Law Incorporation [45]

The best estimate for the capacity of a bottle of nail polish is A: 10 mL

4 0

3 years ago

Study the data set shown. Then answer the questions below. Enter a number that could be removed from this data set that would no

Hunter-Best [27]

Answer:

63 84

Step-by-step explanation:

5 0

3 years ago

HelpmeeeeeeeeeeeeeeeeeeeeHelpmeeeeeeeeeeeeeeeeeeee

babunello [35]

Answer:

300

Step-by-step explanation:

3x 10 2 power

7 0

2 years ago

Read 2 more answers

Plz solve plz plz 20 points

shtirl [24]

Messed up commented right answers

Hope this helps

5 0

2 years ago

Read 2 more answers