raizagisselle4956 raizagisselle4956
  • 22-10-2018
  • Mathematics
contestada

Find the simple interest earned on a $500 investment for 8 months, if the interest rate is 10%

Respuesta :

altavistard
altavistard altavistard
  • 26-10-2018

Answer:

$33.33

Step-by-step explanation:

Use the formula i = prt, where p is the principal, r is the interest rate as a decimal fraction and t is the elapsed time in years.

Here, i = $500*(0.10)*(2/3 year) = $33.33

Answer Link

Otras preguntas

What does Delta S < 0 mean in a reaction?
Where does the energy of living things ultimately come from? And how? Explain the transformation
(250 - 63-7): 4 What’s the answer ?
If David and jake each looked at a strand of their hair under a microscope measured the diameter jake strand was 0.005 cm in the diameter David strand was 0.001
What experienced increased popularity due to a movie named after the sport? A. Laser tag B. Dodgeball C. Surfing Ο Ο D. Ultimate
Why was Shakespeare’s assumed death date
PLS HELP ME NEED TO SHOW FULL WORK
Brainliest). The roof of a castle tower is shaped like a cone. The base of the cone is 24 m across and the height is 16 m. The slant height of the roof, which i
Why is the risk of HIV infection low for a person whose coworker has tested positive for HIV?
Mike is a documentary filmmaker. He is interviewing jake, a Georgia resident, for a flim on stolen cars in the area. Jake gives a statement saying that the poli