moeottallah74466 moeottallah74466
  • 04-04-2020
  • Mathematics
contestada

Find the simple interest earned by each account. $800 principal at 4% interest for 5 years

Respuesta :

Officialalehpeter
Officialalehpeter Officialalehpeter
  • 04-04-2020

Answer:

$160

Step-by-step explanation:

Simple interest=principal×time×rate/100

Principal=$800

Time=5years

Rate=4%

S.I=800×5×4/100

S.I=8×4×5

S.I=160

So the simple interest is $160

Answer Link
abiolatolu90
abiolatolu90 abiolatolu90
  • 04-04-2020

Answer:

The simple interest is $160

Step-by-step explanation:

SSimple Interest SI = PRT/100

where p=principal, r=rate and t=time

p = $800, r = 4% and t = 5 years

SI = (800*4*5)/100

SI = 8*4*5

SI = $160

Answer Link

Otras preguntas

What is the mean of 87, 93, 86, 90, and 84?
By the mid-1700s, the largest city in the colonies was (A) New York (B) Boston (C) Philadelphia (D) Charleston (E) Wilmington, Delaware
Why was is difficult for the Arab people to form one nation?
What is the mean of 87, 93, 86, 90, and 84?
How do scientists use seismic waves to determine the interior structure of Earth?
Alicia estimates that the surface area of a rectangular prism with a length of 11 meters,a width of 5.6 meters,and a height of 7.2 meters is about 334 cubic met
The value square root of 53 of lies between which two consecutive integers?
Why was is difficult for the Arab people to form one nation?
you measure or observe two events to occur at the same time one nearby and one further away. Which one did you actually see first?
which state of matter has the least amount of energy?