MathyMcMathster
MathyMcMathster MathyMcMathster
  • 25-05-2021
  • Mathematics
contestada

I’m in need of help!!!

Vanessa invested $300 in an account for 10 years at 4% simple interest. What is the principal amount?

Respuesta :

alexi565
alexi565 alexi565
  • 25-05-2021

Answer:

$120

Step-by-step explanation:

r = R/100 = 4%/100 = 0.04 per year,

I = 300 × 0.04 × 10 = 120

I = $ 120.00

The simple interest accumulated

on a principal of $ 300.00

at a rate of 4% per year

for 10 years is $ 120.00.

Answer Link

Otras preguntas

is x^4-1 a factor of P(x)=x^5+5x^4-x-5
What are 5 potential jobs that students of entomology can obtain
explain the purpose and controversy of the 3/5 compromise ​
PLEASE HELP!!!! Use the linear combination method to solve the system of equations. Explain each step of your solution. 3x-8y=7 x+2y=-7
If you know this can somebody please help me
An element with mass 490 grams decays by 28.6% per minute. How much of the element is remaining after 16 minutes, to the nearest 10th of a gram?
the ticket gate at a haunted corn maze start with $80 in the cash box. they charge $8 per person write a recursive formula for the amount of money in the cash
I really need help answer it correctly please please please I need help I can figured it out show your work answer it correctly please please please .
The following data is available for Box Corporation: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury stock (at cost $15 per share) $1,200 Bas
I am soo confused can ya'll help me plz? Thx.