raizagisselle4956 raizagisselle4956
  • 22-10-2018
  • Mathematics
contestada

Find the simple interest earned on a $500 investment for 8 months, if the interest rate is 10%

Respuesta :

altavistard
altavistard altavistard
  • 26-10-2018

Answer:

$33.33

Step-by-step explanation:

Use the formula i = prt, where p is the principal, r is the interest rate as a decimal fraction and t is the elapsed time in years.

Here, i = $500*(0.10)*(2/3 year) = $33.33

Answer Link

Otras preguntas

What is the correct answer for question
How have computers affected education?​
Which best describes how a credit card works? The credit card company extends you a line of credit. You then pay a small percentage of the cost of those purchas
3. Common reasons for landslides include all EXCEPT: * (1 Point) rain O earthquakes wildfires space weather
May I please receive help?
What can you conclude about two thermometers, one which is at 25 ˚C and the other which is at 20 ˚C? SELECT AN ANSWER A- The kinetic energy of the 20 ˚C thermom
Which statement about the movement of the sun and stars is correct? A They move from east to west across the sky each day. B They move from west to east acros
(2,4) is perpendicular to y:2x
Marques is a waiter at a restaurant. Each day he works, Marques will make a guaranteed wage of $25, however the additional amount that Marques earns from tips d
HOW IS THE ANSWER 98 PLS HELP ASAP