1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sergeeva-Olga [200]
2 years ago
9

if mike invests 2000 in the bank at a simple interest rate of 5.3% for 10 years how much interest will he make?

Mathematics
1 answer:
Tems11 [23]2 years ago
6 0

Answer:

$1060

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 5.3%/100 = 0.053 per year,

then, solving our equation

I = 2000 × 0.053 × 10 = 1060

I = $ 1,060.00

The simple interest accumulated

on a principal of $ 2,000.00

at a rate of 5.3% per year

for 10 years is $ 1,060.00.

You might be interested in
In the diagram, g ∥ h, m∠1 = (4x + 36)°, and m∠2 = (3x – 3)°. What is the measure of ∠3? 21° 60° 120° 159°
cricket20 [7]
M<2 = m<3
but
m<1 + m<2 = 180
4x + 36 + <span>3x – 3 = 180
7x + 33 = 180
7x = 147
x = 21

m<2 = </span><span>3x – 3
m<2 = 3(21) - 3
m<2 = 63 - 3
m< 2 = 60

m<3 = m<2 = 60

answer
</span><span>60°</span>
4 0
3 years ago
Molly owes her brother $300.She works for $10 per hour as a checker at the local grocery store.Molly plans to repay her brother
gavmur [86]

Answer: The expression which represents the condition described is given as  4x=300

Step-by-step explanation:

Since we have given that

Amount that Molly owes her brother = $300

Let the number of hours she worked as a checker be x

Cost of per hour = $10

Amount she get after doing work for x hours is given by

10x

Rate of tax are taken out = 80%

So, amount she left with is given by

\frac{100-20}{100}\times 10x\\\\=\frac{80}{100}\times 10x\\\\=8x

So, Molly plans to repay her brother half of what she earns is given by

\frac{8x}{2}=4x

According to question,

4x=300\\\\x=\frac{300}{4}\\\\x=75\ hours

So, the expression which represents the condition described is given as

4x=300

3 0
3 years ago
Read 2 more answers
Max spent $53 and now has no money left. He had $ before his purchase.
Yuri [45]
Can you restate it or rewrite it? It doesn't have enough for me to answer this.
8 0
2 years ago
Which value is NOT equivalent to 135%?
Margarita [4]
D. 100/135 the rest of them equal 135%
4 0
3 years ago
Rachel rents three DVDs from Watchflicks and two DVDs from Bluechest. The probability that a DVD is faulty is 4% for Watchflicks
Vera_Pavlovna [14]

Answer:

0.017

Step-by-step explanation:

5 0
3 years ago
Other questions:
  • Draw the reflection of the image over the y-axis.
    12·1 answer
  • What is the place value for 0?
    5·1 answer
  • Tv=10x-26 and vx =5x+9 what is the value of x
    14·2 answers
  • Determine the coefficient of the term “-15x”
    7·2 answers
  • Volume problem. Will give brainliest
    9·1 answer
  • It takes five days to repair 1250 meters of road. At this rate, how long will it take to repair 8 km of road?
    12·1 answer
  • Word Problems
    7·1 answer
  • Havana was born on February 14, 1987. How old was she on her birthday in 2002?
    11·2 answers
  • Please solve this math problem... I will mark you brainliest
    5·1 answer
  • The mean on a statewide biology test was 76 with a standard deviation of 11. Harris county sampled the scores of some of its stu
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!