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Pfaith8617
19.07.2020 •
Mathematics
Marsha deposited $7,000 into a savings account 3 years ago. The
simple interest rate is 5%. How much money did Marsha earn in
interest?
Solved
Show answers
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Ответ:
$1,050 in interest
Step-by-step explanation:
recall that the formula to find simple interest is as follows:
I = Prt, where
I = Interest (we are asked to find this)
P = principal amount = given as $7000
r = interest rate = 5% = 0.05
t = time = 3 years
Substituting the known values into the equation,
I = Prt
= (7000)(0.05)(3)
= $1,050 in interest
Ответ:
Divisor
Step-by-step explanation:
The denominator is the divisor. This is the split apart quantity.
I am joyous to assist you anytime.