moeottallah74466 moeottallah74466
  • 04-04-2020
  • Mathematics
contestada

Find the simple interest earned by each account. $1,200 principal at 5.5% interest for 25 years

Respuesta :

abiolatolu90
abiolatolu90 abiolatolu90
  • 04-04-2020

Answer:

The simple interest is $1650

Step-by-step explanation:

Simple Interest = PRT/100

where p = principal, r = rate and t = time

p = $1200, r = 5.5%, and t = 25 years

SI = (1200*5.5*25)/100

SI = 12*5.5*25

SI = $1650

Answer Link
Officialalehpeter
Officialalehpeter Officialalehpeter
  • 04-04-2020

Answer:

$1650

Step-by-step explanation:

Simple interest=principal×time×rate/100

Principal=$1200

Time=25years

Rate=5.5%

S.I=1200×25×5.5/100

S.I=12×25×5.5

S.I=1650

So the simple interest is $1650

Answer Link

Otras preguntas

Why did Thomas Jefferson oppose re-chartering the Bank of the United States in 1811?
Write 63 as a sum of tens and ones
WILL GIVE BRAINLIEST!!!! LOOK BELOW TO ANSWER MY QUESTION.
A deli offers a choice of 3 breads, 4 meats, and 7 toppings. Using these ingredients, how many possible sandwich combinations are there?
what is the most precise way to say "he is writing" in spanish
a tree casts a shadow that is 24 ft long. A 4 -ft tall young boy casts a shadow that is 3 ft long
Identify three voice qualities. A. purity B. flexibility C. articulateness D. strength
The sum of two numbers is 68 . the smaller number is 12 less than the larger number. what are the numbers?
Which distributive property represents the area of the rectangle (3 x 3) + (3 x 4) (3 x 3) + (3 x 9) (9 x 3) + (6 x 9) (3 x 3) + (3 x 6)
What is 0.000000685 in scientific notation