jeanakayeeldrid403 jeanakayeeldrid403
  • 04-04-2019
  • Business
contestada

What will be the simple interest earned by investing $1,500 for 5 years, at an interest rate of 10% annuallly?

Respuesta :

MrsSeifried MrsSeifried
  • 05-04-2019

$750

The formula to calculate simple interest is Interest = Principal x Rate x Time.

Interest = 1,500 x 5 x .1

Interest = $750

Answer Link

Otras preguntas

787.4÷127 show the work
working to improve the working conditions in a factory is an example of what?
Spaceship 1 and spaceship 2 have equal masses of 300 kg. spaceship 1 has an initial momentum magnitude of 600 kg-m/s. what is its initial speed?
List at least three examples of capital as a factor of production, and explain how it is different from land.
Where is the fluid that the lymphatic system collects returned to the blood? A. Heart B. Spleen C. Thymus D. Stomach
Mr. and Mrs. Delgado each own an equal number of shares of a stock.Mr. Delgado sells one-third of his shares for $2700. What was the value of Mr. and Mrs.Gelgad
how did european colonists view themselves when they went to africa
The relationship 1/sin(θ) is equivalent to which of the following trigonometric functions? A. cot(θ) B. csc(θ) C. arcsin(θ) D. sec(θ)
Match these people with the correct descriptions. 1. standardized parts *** Edison 2. assembly-line production
Which of these statements describes experiences or feelings related to anxiety?