jalisse12prince jalisse12prince

03-03-2018
Mathematics

contestada

If I put 1500 into my savings account and earned $180.00 of interest at 4% simple interest, how long was my money in the bank?

Respuesta :

jaclouisces jaclouisces

03-03-2018

4% of $1500 is 0.04 x 1500
= 60

So basically each month, $60 interest is saved

180 ÷ 60 is 3, so the money was in the bank for 3 months.

Answer Link

Otras preguntas

the speaker talks of the crick of the floor an the creek of the chairs. What sounds do these word make you think of? How are the sounds different?

Coronado Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash

Which triangle isn't similar to QRS?

Explain why f(x) = x^2+4/x^2-2 is continuous at x = 2. a. f is defined at x = 2 b. f is not defined at x = 1 c. f is defined at x = -2 d. f is defined at x = 0

A salt mine you inherited will pay you $25,000 per year for 25 years, with the first payment being made today. If you think a fair return on the mine is 7.5%, h

Polygons that have equal sides and equal angles are considered ________ polygons. irregular regular none of the above normal

The ratio of the number of laps Tonya swam last week to the number of laps Randy swam last week is 3:10. If Randy swam 84 MORE laps last week, how many did Tony

Please show work, help me please,

4x + 8y = 20 and -4x + 2y = -30

What event was the New Deal a reaction to?