uddinnaseem686 uddinnaseem686
  • 01-02-2021
  • Mathematics
contestada

Principal: $35000
Rate: 2%
Time: 6 Years
What is the simple interest made?

Respuesta :

Naseeem88
Naseeem88 Naseeem88
  • 01-02-2021

Answer:

$4200

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year,

then, solving our equation

I = 35000 × 0.02 × 6 = 4200

I = $ 4,200.00

The simple interest accumulated

on a principal of $ 35,000.00

at a rate of 2% per year

for 6 years is $ 4,200.00.

Answer Link
Diamonds667 Diamonds667
  • 02-02-2021

Answer:

I’m thinking $4200

Step-by-step explanation:

Because 35k at 2% for 6 years will get you that

Answer Link

Otras preguntas

Jim has gotten scores of 99 and 93 on his first two tests. what score must he get on his third test to keep an average of 90 or greater
A solution of hydrogen peroxide, H2O2, is titrated with potassium permanganate, KMnO4, according to the following equation: 5H2O2 + 2KMnO4 + 3H2SO4 = 5O2 + 2MnS
How would you call in other words to scold or punish severely
A tree casts a shadow 27 m long. At the same time, the shadow cast by a 66-cm tall statue is 56 cm long. Find the height of the tree to the nearest tenth of a
What's the other word stubborn; inflexible
How would you call in other words to scold or punish severely
How do we use the Pythagoras theorem in "everyday life".
What's the word for wandering about; tending to move around, travel
What's the other word speaking in circles; round-about speech
What's the other word generous in overlooking insult or injury by others; rising above pettiness