Elza1parkaclaidh Elza1parkaclaidh
  • 26-01-2017
  • Mathematics
contestada

If the interest rate at the bank for a savings account is 0.03%, how much money would you need to leave in the account for one year in order to earn $10 in interest?

Respuesta :

apologiabiology
apologiabiology apologiabiology
  • 26-01-2017
I=PRT

I=interest
P=amont to leave
r=rate in decimal
t=time in years
given

I=10
P=?
r=0.03%=0.0003
t=1

10=?(0.0003)(1)
10=?(0.0003)
divide both sides by 0.003
333333.3333333333=?

should leave about $33333.33
Answer Link

Otras preguntas

how do you solve w for 4(w+8)-8w=-4
Fill in the blank with the future tense of the verb in parentheses. Ustedes___________ hambre a las ocho. (tener)
Read the passage. He holds him with his skinny hand, “Hold off! unhand me, graybeard loon!” Eftsoons his hand dropped he. He holds him with his glittering e
Estimate the volume. A) 11 ft3 B) 12 ft3 C) 30 ft3 D) 36 ft3
what is the mean medam and mode of 6 6 8 8 9 10 11
which works by the olmecs prove they had an interest in astronomy
Find the amount of the annuity. Amount of Each Deposit: $6,200 Deposited: Semiannually Rate per Year: 6% Number of Years: 5 Type of Annuity: Ordinary
I need help with this... Mark charged a battery. Each minute, the percentage of the battery's capacity that was charged increased by 2.5. After 17 minutes of c
In how many different orders can you line up 6 cards on a table?
which best describes the rise to power of Mao Zedong?