2 years ago

Calculate the amount of interest earned on a $2,000 investment made for 2 years at 3% p.a..

Mathematics

1 answer:

Mrrafil [7]2 years ago

8 0

PxRxT
=$2,000 x 3% (0.03)
=$60 x 2 years
=$120
The answer is $120

You might be interested in

A company produces boxes of dvds of a rate at 52 boxes per hour. they begin to produce boxes when they first open for the day an

zvonat [6]

Answer:

284 boxes

Step-by-step explanation:

7 0

3 years ago

Draw 2u+4v, PLEASE NEED HELP, this assignment is due really soon and I'm almost done with the course

Anvisha [2.4K]

Answer:

Step-by-step explanation:

5 0

2 years ago

A building code allows a maximum of 140 people in a meeting room. There is one large table in the room, along with some small ta

lara [203]

Answer:

25 tables

Step-by-step explanation:

140-15=125

after the big table is filled 125 people are left

small tables fit 5 people

125÷5=25

1 big table and 25 small tables are needed to seat everyone

7 0

2 years ago

Read 2 more answers

What sequence is modeled by the graph below?

Lady bird [3.3K]

ANSWER

$a_n= \frac{1}{2}( {2}^{n - 1} )$

EXPLANATION

The corresponding ordered pairs from the graph are:

(2,1) (3,2) (4,4) (5,8)

The y-values are:

1,2,4,8

The first term term is the term before 1,this has to be.

$a_1= \frac{1}{2}$

The common ratio is

$r = \frac{2}{1} = 2$

The nth term is given by

$a_n=a_1 {(r}^{n - 1} )$

Let's substitute the values to get,

$a_n= \frac{1}{2} \times {(2}^{n - 1} )$

This simplifies to,

$a_n= \frac{1}{2} {(2}^{n - 1} )$

3 0

3 years ago

An executive is earning $45,000 per year. This is

Marizza181 [45]

Her salary 4 years ago would have been $30,000.

If 45,000 is 15,000 less than double her previous salary, we must first add 15,000 to 45,000 to find what double her salary was.

45,000+15,000=60,000.

Since this is twice her salary, we divide this by 2.

60,000/2= 30,000.

So, her salary 4 years ago would have been $30,000.

I hope this helps!

4 0

2 years ago