Mathematics: If you deposit $3000 in a savings account that earns simple interest at the rate of 2.5% per year, how much interest will you have earned after 4 years?

If you deposit $3000 in a savings account that

Ответ:

reaperdraws

31.12.2021

Firstly we need to find out what's 2.5% from $3000:

3000 * 2.5% =
= 3000 * 2.5/100 =
= 3000 * 25/1000 =
= 3 * 25 =
= 75 [dollars]

It means you will earn $75 dollars of interest annualy. After 4 years you will earn:

4 * $75 = $300

0,0(0 оценок)

Ответ:

arnold2619

15.04.2022

Mathematics

Area of rectangle = length × width
4 × 11/6
22/3 ft²

0,0(0 оценок)

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.

Ask your question

If you deposit $3000 in a savings account that earns simple interest at the rate of 2.5% per year, how much interest will you have earned after 4 years?

Ответ:

Ответ:

Ask your question to the AI advisor

More tips

Answers on questions: Mathematics

Ask an AI advisor a question