gdawg2020 gdawg2020
  • 04-09-2019
  • Mathematics
contestada

How much interest would $2,000 earn, with simple interest, in two years at the
rate of 4.2%?​

Respuesta :

graceybauer graceybauer
  • 04-09-2019

Answer:

$168

Step-by-step explanation:

The formula we'll use for this is the simple interest formula, or:

I=Prt

Where:

P is the principal amount, $2000.00.

r is the interest rate, 4.2% per year, or in decimal form, 4.2/100=0.042.

t is the time involved, 2....year(s) time periods.

So, t is 2....year time periods.

To find the simple interest, we multiply 2000 × 0.042 × 2 to get that:

The interest is: $168.00

Answer Link

Otras preguntas

how many legs does a DOG have? I WILL MARK BRAINLIEST
For whаt vаluе оf g does the function f(g) = g^2 + Зg equal 18
where are areas in the world in which there is a strong connection between photosynthesis and cellular respiration? Explain why this relationship is so strong.
9+3x=21 what is the answer
Determine if a triangle with angle measures of 50,40,and 90 from a unique triangle more than one triangle or no triangle
The institution that was most damaged in the public's mind during the “Black Death” was:
When some cells are removed from the center of a tissue culture will new cells replace the cells that were removed? Examples
math help pls, thank you :3
Which number line correctly shows 4.5 - 2.5?
purchased goods on credit at a cost of $500​