goatdanielle goatdanielle
  • 20-02-2021
  • Mathematics
contestada

A savings account earns 4% annual simple interest. The principal is $1,100. What is the balance after 5 years?

Respuesta :

centauron114 centauron114
  • 20-02-2021

Answer:

$220

Step-by-step explanation:

4% of 1100=$44

$44 × 5 years=$220

Answer Link

Otras preguntas

When Ava bought her car, it was worth $19,340. It was expected to decrease at a rate of 12.5% each year. What is best prediction for the value of Ava’s car 10 y
9 is 12% of which number ?
In "The Stone," what does the stone symbolize? A. couples that do not learn to forgive and forget B. things that do not grow or change C. the needs and want
State the mathematical relationship between average velocity, displacement, and time interval.
The government of Belgium provides three community councils to protect the interests of
What act by customs officers began a series of events that led to the Boston Massacre
Why did a rivalry begin between the Lakota and the Ojibwa
Why did a rivalry begin between the Lakota and the Ojibwa
What event led to the ratification of the Adams-Onís Treaty?
a chart that shows all the possible combinations of alleles that can result from a genetic cross called an?