AaronLopez17 AaronLopez17
  • 24-05-2017
  • Mathematics
contestada

Ben Snell has $400 in his savings account. His annual interest rate is 4%. How much simple interest did he earn after six months?

Respuesta :

Baileymetschke1 Baileymetschke1
  • 24-05-2017
$400 x .04 x.5 = 8
8+400 = $408.00

Answer Link
snshin444
snshin444 snshin444
  • 24-05-2017
400 times .02= $8.00
4% is a year of interest 2% is six months
take 400 x.02 you come up with 8.00
Answer Link

Otras preguntas

State the Function of saliva
Write a sentence to represent 5y-y cubed =12
This looks super easy but its not! Does anyone know how to do this?
The rights and responsibilities of being a citizen in the united states _____.
Which statement is true about regular exercise? a. It increases your blood pressure. b. It decreases your resting heart rate. c. It increases your intelligence.
How many times greater is the value of the 6 in 560,984 than the value of the 6 in 85,560?
3 times 9 times 10 to the first power
which two land features surround mesopotamia ,identifying
whats the answer for an animal shelter hae 36 kittens and 12 puppies available for adoption what is the ratio of puppies to kittens?
In what place is the 7 in 47,189,274