Claris invested $140. She earned a simple interest of 3% per year on the initial investment. If no money was added or removed fr om the investment, what was the amount of interest Claris received at the end of two years? Show all work. Calculator allowed
1 answer:
Answer:
$8.40
Step-by-step explanation:
The formula for calculating simple interest is
principal * interest rate * time .
Plugging 140 into the principal, or starting value, 3% as the interest rate, and 2 (years) for the time, we get 140*0.03*2 = 8.4, or $8.40 as our answer. Note that 3% turned into 0.03 as turning a percentage into a decimal requires us to divide the decimal by 100
You might be interested in
well 60/5=12
so you get $12 per yard
12*15=180
or you could notice that 5 goes into 15 3 times and then multiply 60*3 any way the answer is 180
Answer:
two minus five raised to the power of two is greater or equal to t
Hello!
If you divide 200 by 8, that would equal 25. Since it looks like you already simplified, this would be your answer!
Hope this helped! Let me know if you have any other questions!
Godspeed,
SongBird
Answer:
Step-by-step explanation:
V=xyz
V=7(6)1=42ft^3
42ft^3(gal/0.13ft^3)=323 gal
Answer:
0- $0
1-$15
2-$30
3- $45
I hope this is what u meant