lnkhprovip1878 lnkhprovip1878
  • 20-10-2021
  • Mathematics
contestada

Sarah has $31,000 in a savings account. The interest rate is 8% per year. How much simple interest will she earn in 5 years?

Respuesta :

clarch19
clarch19 clarch19
  • 22-10-2021

Answer:

$12,400

Step-by-step explanation:

Interest = Principal x Rate x Time (in years)

I = 31000 x .08 x 5

I = 12,400

Answer Link

Otras preguntas

Why wasn't New England's land well-suited for farming
why is mercury usually hard to see without a telescope?
I'm having trouble with this:12b+3=-2b-4          I have to simplify the problem
after 1081 ,what was the byzantine being weakened by?
after 1081 ,what was the byzantine being weakened by?
why is mercury usually hard to see without a telescope?
why is mercury usually hard to see without a telescope?
a croquet ball weighs 460 grams. together a golf ball and a croquet ball weigh the same as 11 golf balls.how much does 1 golf ball weigh?
why is mercury usually hard to see without a telescope?
At Video Shack, movie rentals cost $3.99 each. the cost of renting three movies and one video game is $0.11 less than the cost of renting five video games. how