CrazyQuay22
CrazyQuay22 CrazyQuay22
  • 25-03-2020
  • Mathematics
contestada

Debbie has $460 in a savings account that earns 8% simple interest annually. How much interest will she earn in five years

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 25-03-2020

Answer:

  $184

Step-by-step explanation:

Simple interest is computed using the formula ...

  I = Prt

for principal amount P, interest rate r, and time period t. In this problem, we have P = $460, r = .08, t = 5, so the interest is ...

  I = $460 × .08 × 5 = $184

Debbie's account will earn $184 in interest in 5 years.

Answer Link

Otras preguntas

MR. and ms Dorsey and their 3 children are flying to springfield. the cost of each ticket is $179. Estimate how much the tickets will cost. then find the exact
Explain how using the 6 step Decision Making sequence above helps aid in wise decision making
Use rounding or compatible numbers to estimate the sum of 87+34
How does a hypothesis help scientists understand the natural world
Algebra 1 homework 3x-x-5=2(x + 2) -9
the value of the digit in the hundredth place is how many times as much as the value of the digit in the tenth place?
y=4x+rx+6 solve for x
Scientific models must be able to generate ___________.
Which of the following is an example of how the government of the Roman Republic contributed to democratic principles?
The process by which the Constitution was approved by the state's is known as