Seudónimo Seudónimo

09-02-2017
Mathematics

contestada

You deposit $2000 in an account. the account earns $120 simple interest in 8 months. what is the annual interest rate?

Respuesta :

MrJoafen MrJoafen

09-02-2017

So the interest earned in 8 months (2/3rds of 1yr) is $120, if we multiply by 1x3rd more we can find the total for the year: 120x1.33= $160.

To find the rate, divide the total interest by the amount invested, 120/2000= 0.06% p.a.

Answer Link

Otras preguntas

__________________ refers to the average increase in the Earth's temperature, which causes changes in climate. a. Climate Change b. The Ozone Melt c. Global

Stalin instituted _____ policy when Germany invaded the Soviet Union in 1941? a. do or die b. scorched earth c. destroy everything d. evacuation

John made 2 quarts of juice for a school party. He said that he made 2/4 cups of juice. Explain John's mistake.

Rhizoids are the _____ of bryophytes.

The manager is responsible for knowing the food sanitation rules. This includes the supervision of food handlers in: a. Contacting them when they are ill. b.

Which of the following is used in chemical weapons? A.chromium B.hydrogen cyanide C. formaldehyde

what system eliminates cellular waste through the lungs, skin, and kidneys

bert used 7/8 foot of an oak board to make a tray. akio made his tray from 4/4 foot of the same board. who used more wood? how do you know?

how much hydrochloric acid is in a 60 milliliter bottle that is marked 80% hydrochloric acid

gasiti cinci sinonime pentru rxpresia a o lua la goana