summer2445 summer2445
  • 22-12-2020
  • Mathematics
contestada

What is the interest for a principal of $3,500 at a simple annual interest rate of
2% over 1 year?

Respuesta :

clarch19
clarch19 clarch19
  • 30-12-2020

Answer:

$70

Step-by-step explanation:

Interest = Principal x Rate x Time

p = 3500

r = .02

t = 1

multiply the above and you get 70

Answer Link

Otras preguntas

Which word in the following sentence is modified by the adjectival clause: "A video game which spans the ages is Pac-Man?" a. game b. which c. ages d. Pac-Man
Which explains why roman were upset by the emperors decision to create more coin?
[2/SEC(¶/3)•[lim x→0 x^3+8x+10]^2]/[lim θ→0 sinθ/θ]
mo's farm stand sold a total of 165 pounds of apples and peaches. She sold apples for $1.75 per pound and peaches for $2.50 per pound. If she made $337.50, howa
Whose scribes painted books and kept records of taxes? A. Aztec B. Maya C. Inca
A similarity between the separation of powers, the system of checks and balances, and federalism is that they
How many molecules are there in 24 grams of FeF3?
A force that comes from the action of earth's Gravity is called
a zygote develops into a multi cellular organism through
Divide. Round to the nearest hundredth. 250.6 divided by 1.6