MCkosmoNOT MCkosmoNOT
  • 02-02-2017
  • History
contestada

You invest $4,000.00 for six months at a 4.25% APR. How much interest will you earn?

Respuesta :

jeniferleiva01
jeniferleiva01 jeniferleiva01
  • 02-02-2017
[4000(0.042
5)]/2=$85 this is the answer...

Answer Link
millermoldwarp
millermoldwarp millermoldwarp
  • 26-03-2019

The correct answer is that the interest earned in 6 months for an investment of $ 4,000.00 at an interest rate of 4.25% per year was $ 85.

I = P * i * n       where:     I = earned interest,        P = capital

i = annual interest,         n = time

I =?    P = $ 4,000.00      i = 4.25%      n = 1/2 years

I = $ 4,000.00 * 0.0425 * 0.5

I = $ 85.00

Answer Link

Otras preguntas

Rates of change. Please help!! :)
Name three specific consequences of the Boston busing crisis.
WILL GIVE BRAINLIEST Find the mistake.
Write the sentence as an algebraic equation. The product of k and -9 is 17. how do i write this..?
3. How did the founding of Fort St. Louis by La Salle influence the Spanish expansion into what is now Central and East Texas?
Can someone awsner this for me honestly I’m sorry but I really need these awsner but I need the answers for these 3 to
Reflection paper about Education and School
Please help due today!
A naval submarine was operating 310 feet below the surface of the ocean. To pass above an underwater mountain, or seamount, it rose 165 feet. What is the positi
what challenges did Mughal face in their attempts to unify and solidify control over india