ryanbarnett09 ryanbarnett09
  • 02-06-2017
  • Mathematics
contestada

Pierre invested $7500 in a savings account with a yearly interest rate of 3% for 14 years. How much simple interest did he earn?

Respuesta :

mreijepatmat
mreijepatmat mreijepatmat
  • 02-06-2017
yearly interest return = 7500 x 3% = 7500 x 0.03 = 225

Since it's a simple interest then the amount of total interest will be
14 x 225 =$3150

(This is not asked by the problems. It's just indicatif: the total money will be 7500 + 3150 = $10,650)
Answer Link
rintalaanthony rintalaanthony
  • 08-08-2019

Answer:

3150

Step-by-step explanation:

Apex

Answer Link

Otras preguntas

Jean wants to put furniture in her clubhouse. She drew a floor plan of the clubhouse, as shown. Each grid unit represents one foot.PLEASE HELP ME
The temperature at 6:00 P.M. was 68°F. This was 5°F lower than the temperature at 3:00 P.M. The temperature at 1:00 P.M. on that day was 3°F higher than the tem
Find the area of the figure.
What’s the weight of a box w/ a mass of 150kg on earth?
Besides infinite, what other attributes of God do you think we can understand better because of math? Why?
Which directory stores the cron configuration file?.
Find the area of a triangle
-5X^2 + 3X = -3X^2 + 3X - 50  solve for x ​
I won the science fair; it was my first time entering. Fragment Complete Sentence
Choose the correct answer: The gift was designed to _______ the empire’s actions. A) reveal B) consume C) glorify D) rank