nataliahaybear nataliahaybear
  • 23-01-2022
  • Mathematics
contestada

A savings account earns 6% simple interest per year. The principal is $800. What is the balance after 18 months?

Respuesta :

yamunasasidharan0808
yamunasasidharan0808 yamunasasidharan0808
  • 23-01-2022

Answer:

$872

Step-by-step explanation:

Simple interest = Principle * Rate * Time / 100

= ( 800 * 6 * 18/12 ) / 100

= $ 72

The balance after 18 months = principle + interest

= 800 + 72

= $ 872

Answer Link

Otras preguntas

How did socialist labor movements affect strife at start of 20th century
3m(2m+9)=0 what is the factor of m
what value of k make the equation |2k+2|=16 true?
how do we know that the people of Mohenjo-Daro created a highly organized civilization?
Explain what the variable represent in an addition or subtraction expression.
5.89 5.899 <,>or = help
Can someone help me with this page?
Review important identitie cosx cosy = 1/2 [cos(x+y) + cos(x−y)]
what is 172 over 96.75 simplified?
-2(x+3y)=18 solve for y!