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

If you have a substance and the atoms are lined up such that their electrons are spinning in a similar direction, the substance will be A) charged. B) magn
How can you use the periodic table to find the number of protons in one atom of an element? The number of protons is the same as the atomic number of the ele
How do i find the cost per pound?
what was the enlightenment?
Myths contribute to society by
scores on a test are normally distributed with a mean fo 69.2 and a standard deviation of 9.4, find p81
4/9 multiplied by 1/8
What is an animal that hunts and eats other animals?
What is most accurate to describe the amount a coffe cup can hold?
If an area has all the wolves that it can support, the wolf population has reached its ______?