01-06-2017
Mathematics

contestada

$30,000 for 15 years at a yearly simple interest rate of 5%

Respuesta :

Aliwohaish12 Aliwohaish12

01-06-2017

Hi there

To find the simple interest earned
Use this formula
I=prt
I interest earned?
P principle 30000
R interest rate 0.05
T time 15 years

So
I=30,000×0.05×15
I=22,500

Hope it helps

Answer Link

Otras preguntas

Choose all that apply. History is the interaction between _____. people companies environment civilizations ideas

The expression (3 – i)2 is equivalent to

What were the direct causes of the American revolution?

Why did southern farmers who owned no slaves supported slavery?

Calculate the minimum power output of an electric motor that lifts a 1.30 × 10^4-newton elevator car vertically upward at a constant speed of 1.50 meters per se

Which of the following terms is BEST defined as “the opportunity to connect to the right people who can help you reach goals in the future”? a. networking b. c

True or False: A Caste is a social group someone is born into and can change if they try hard enough

Which relationship can best be described as causal? (1) The alarm goes off and the sun rises. (2) The car is moving slowly and the driver is singing. (3) The sn

The quotation "Sit!" is a fragment. a. True b. False

Which statement describes a chemical property of sodium? (1) Sodium has a melting point of 371 K. (2) Sodium has a molar mass of 23 grams. (3) Sodium can conduc