Tayonneeeeeee Tayonneeeeeee

22-04-2021
Mathematics

contestada

what is the interest earned in savings account after 12 months on a balance of $4500 if the interest rate is 1% apy compounded yearly

Respuesta :

samuelonum1 samuelonum1

27-04-2021

Answer:

$45

Step-by-step explanation:

Given data

Principal=$4500

Rate= 1%

Time= 12 months= 1 year

The simple interest formula is

SI=PRT/100

substitute

SI= 4500*1*1/100

SI= 4500/100

SI= $45

Hence the interest earned is $45

Answer Link

Otras preguntas

What role in religion played in unifying and dividing societies of the Eastern Hemisphere?

what law is based on the experiments of lavoisier

Jim's investment of $4500 has been losing its value at a rate of 2.5% each year. What will his investment be worth in 5 years

what property does the number sentence show 8+0=8

Why was Germany particularly susceptible to a downturn in the economy? Germany suffered from low prices throughout the 20s and 30s. Germany owed large debts to

in what ways might European empire building be understood as a single phenomenon?

A flask with a volume of 125.0mL contains air with a density of 1.269 g/L. What is the mass of the air contained in the flask?

Nine less than a number is no more than 8 and is no less than 3. Compound inequalities

The local café uses 510 cups of mixed vegetables to make 1000 quarts of beef barley soup each quart of soup contains the same amount of vegetables how many cups

Which city-state is still a major city in Greece today? A. Sparta B. Athens C. Corinth D. Thebes