shawn423 shawn423
  • 04-03-2019
  • Mathematics
contestada

Calculate simple interest earned on a deposit of $1000 at a rate of 3% for 10 years.

Respuesta :

AkrimalS AkrimalS
  • 05-03-2019

Answer:

260%

Step-by-step explanation:

10 years = 120 month

1000-100%

x-3%

1) (3*1000)/100 = 30$

2) 30*120=3600$

1000-100 %

3600-x

3) (3600*100)/1000 = 360%

4) 360%-100%=260%

Answer Link

Otras preguntas

Which vitamins are made by the bacteria in the large intestine?
What is a correct congruence statement for the triangles shown?
Most animals can survive without food and water for a longer time than they can survive without water. Why is water so important to animals? Why can an animal s
What does 12×2 4/5 equal
A publisher claims that the average salary paid at its company is $37,500 but it could differ as much as $4,500. Write and solve an absolute value inequality to
El ___________ es el que hace pan. panadero cocinero entrenador conductor
The ________ is the most caudal portion of the brain stem.
how does lack of a good transportation system cause labour inefficiency (economics)
Find three consecutive even integers such that the sum of twice the smallest number and three times the largest is 42.
True or false: about 80% of the cases heard in texas courts are criminal cases