ryanbarnett09 ryanbarnett09
  • 02-06-2017
  • Mathematics
contestada

Pierre invested $7500 in a savings account with a yearly interest rate of 3% for 14 years. How much simple interest did he earn?

Respuesta :

mreijepatmat
mreijepatmat mreijepatmat
  • 02-06-2017
yearly interest return = 7500 x 3% = 7500 x 0.03 = 225

Since it's a simple interest then the amount of total interest will be
14 x 225 =$3150

(This is not asked by the problems. It's just indicatif: the total money will be 7500 + 3150 = $10,650)
Answer Link
rintalaanthony rintalaanthony
  • 08-08-2019

Answer:

3150

Step-by-step explanation:

Apex

Answer Link

Otras preguntas

What type of relationship do two people who work the same job share? a. horizontal b. managementc.flexible d.vertical
What is the fact about kangaroos ecosystem?
What is the suffix meaning "incision"? a. -stomy b. -tome c. -tomy d. -scopy
The legs of a right triangle are 4 units and 7 units. What is the length of the hypotenuse? A. square root 33 B.units square root 65 C.33 units D.65 units
Four of the ships sought a passage along a southern
El coche va en la calle; el tren va en ____
Complete with the words : 1. According 2. One 3. Can 4. Each 5. Of 6. On 7. Then 8. That 9. To 10. Without There two extra words that you don't need
What is the height of each pyramid? Square pyramid: volume 1024 cm cubed; base edge 16 cm
how and why did vietnam expand to the south
4p>24 what is the answer to my question