Register
Computer amount of interest earned and the following simple interest from a deposit of 5500 at 6% for three years equals?
230k views
4 votes
Computer amount of interest earned and the following simple interest from a deposit of 5500 at 6% for three years equals?

User L Balsdon
by
7.1k points

1 Answer

2 votes
1 year = 6% x 5500 = 0.06 x 5500 = $330

1 year = $330
3 years = $330 x 3 = $990

Answer: $990
User Grayson Henry
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!