larrymickry3 larrymickry3
  • 25-10-2021
  • Mathematics
contestada

You deposit $200 in a savings
account that pays a simple
interest rate of 3.25% per year.
How much interest will you earn
after 5 years?

Respuesta :

prahladkutty9
prahladkutty9 prahladkutty9
  • 25-10-2021

Answer:

$16.25

Step-by-step explanation:

First, you have to find 3.25*5 which is 16.25.

16.25 is the percent rate of your total interest over the course of 5 years.

In other words, you have to do 200*0.1625 which is 32.5.

So, your answer is $16.25.

Good luck!

Answer Link
mclynnhill mclynnhill
  • 25-10-2021
$16.25 I took the test
Answer Link

Otras preguntas

Why is gravity an example of scientific law?
During a soccer season, Mario made approximately 2 goal points for every 5 of his shots on goal.  What is the probability that Marion would make 2 goal points o
What is a medial moraine, and how is it formed?
A traveler first drives 18.6 km east, then 30.3 km southeast, and finally 10.7 km south. Find the traveler's total displacement ?
Why is gravity an example of scientific law?
does anyone have any ideas (easy) on cell simile projects. busy week but due tomorrow.HELP
which is equal to 52 tens a 52,010 , b 5,210, c 5,200 d 520
In which one of the following sentences could you best use a semicolon? A If you ask me Jerry is a tennis whiz. B When she is worried Lucille eats a lot. C Jerr
Why is gravity an example of scientific law?
in ancient China, many aspects of life were ruled by the___ of Confucius.