How much must you deposit in an account to earn $400 per year at 2% simple interest?
1 answer:
Step-by-step explanation:
Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and for a given period of time.
...
Simple Interest Example:
Simple Interest
1 Year S.I = (1000 ×5 × 1)/100 = 50
2 Year S.I = (1000 × 5 × 2)/100 = 100
3 Year S.I = (1000 ×5 × 3)/100 = 150
You might be interested in
Katie travels at 0.05 mi/ min
It is B because u need enough for it to do it right
Answer:
69, nice
Step-by-step explanation:
118-49=69
Answer: 1/50
Step-by-step explanation:
0.020 = 20/1000 = 1/50
