emmadry05 emmadry05

23-09-2020
Mathematics

contestada

$20,000 was invested in a 3-year simple interest money market account. After 3 years,
the account balance was $32,000.
What was the interest rate for the account?

Respuesta :

Ankit221005 Ankit221005

23-09-2020

Step-by-step explanation:

Amount = principal + S. I.

S. I. = p * t * r / 100

32000 = 20000 + 20000 * 3 * r / 100

12000 = 600 r

r ( Rate of interest) = 20 %

Answer Link

Otras preguntas

A rectangular room is 1.8 times as long as it is wide, and its perimeter is 31 meters. Find the dimensions of the room. Length: meters Width:

If x= - 2 is a solution to the equation f(x) = g(x), which one of these statements must be true? • The graphs of f and g intersect each other at x = -2 • Th

Each team tries to score more points.....win the Each team tries to score more points...to win the match. (in spite of/in order to/so that)

how to solve subtraction of percentage from whole numbers

pls help me. i need it

A t-shirt increased in price by 1/4. After the increase it was £20. What was the original price of the t-shirt?

Tìm hàm đơn thức tương đương

Work out and simplify where possible.

Los monarcas déspotas ilustrados mostraron gran interés por la modernización…

Paragraph about tradition