Tayonneeeeeee Tayonneeeeeee

22-04-2021
Mathematics

contestada

what is the interest earned in savings account after 12 months on a balance of $4500 if the interest rate is 1% apy compounded yearly

Respuesta :

samuelonum1 samuelonum1

27-04-2021

Answer:

$45

Step-by-step explanation:

Given data

Principal=$4500

Rate= 1%

Time= 12 months= 1 year

The simple interest formula is

SI=PRT/100

substitute

SI= 4500*1*1/100

SI= 4500/100

SI= $45

Hence the interest earned is $45

Answer Link

Otras preguntas

Nick and Andy are brothers and they study at the same school. Nick usually walks from home to scholo in 40 minutes

What would happen if there were no condensation stage in the water cycle?

if you add km/ hr with another km/ hr what will you get

Find "n" if the Standard Error of Mis 4 and the population standard deviation is 16.

talking about what you like or dislike about life in the countryside

(a) You are given that 246x17 = 4182 Explain how you use this calculation to work out the value of 2460 x 1700 and (b) 16x3 is 48. Use this to work out the an

Helppppp pleaseeee anyoneeeee

If we (know)_______ who he was, we (invite)______ him to speak at our meeting.

Which statements serve as evidence that supports the theme of "The Story of the Fisherman”?

Full working out for this question please. On Monday Farmer Tom collected 6 times as many eggs as Farmer Jack. On Tuesday, Farmer Tom sold 425 eggs. Farmer Jack