menu
Qammunity.org
Login
Register
My account
Edit my Profile
Private messages
My favorites
Monty invested $8600 in a savings account with a yearly interest rate of 5% for 12 years. How much simple interest did he earn?
Ask a Question
Questions
Unanswered
Tags
Ask a Question
Monty invested $8600 in a savings account with a yearly interest rate of 5% for 12 years. How much simple interest did he earn?
asked
Mar 1, 2019
10.7k
views
1
vote
Monty invested $8600 in a savings account with a yearly interest rate of 5% for 12 years. How much simple interest did he earn?
Mathematics
middle-school
Adam Badura
asked
by
Adam Badura
7.9k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
2
Answers
0
votes
Simple interest =P*R*T
=8600*0.05*12
=5160
Hope this helps!
Reta
answered
Mar 1, 2019
by
Reta
7.6k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
5
votes
5% of $8600 is $430
He makes $430 per years
over the 12 years he makes $5160 in simple interest
Thang Pham
answered
Mar 8, 2019
by
Thang Pham
8.0k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Oct 12, 2019
37.4k
views
Monty invested $8600 in a savings account with a yearly interest rate of 5% for 12 years. How much simple interest did he earn?
Theengineear
asked
Oct 12, 2019
by
Theengineear
7.8k
points
Mathematics
middle-school
2
answers
1
vote
37.4k
views
asked
Jan 12, 2023
39.1k
views
Monty invested $8600 in a savings account with a yearly interest rate of 5% for 12 years. How much sinple interest did he earn.
Denysole
asked
Jan 12, 2023
by
Denysole
7.8k
points
Mathematics
college
1
answer
2
votes
39.1k
views
asked
Mar 14, 2018
4.6k
views
if $7300 is invested into a savings account for which interest is compounded monthly, and if the $7300 turns into $8600 in 2 years, what is the interest rate of the savings account?
Mateuszb
asked
Mar 14, 2018
by
Mateuszb
8.7k
points
Mathematics
high-school
1
answer
2
votes
4.6k
views
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
Categories
All categories
Mathematics
(3.7m)
History
(955k)
English
(903k)
Biology
(716k)
Chemistry
(440k)
Physics
(405k)
Social Studies
(564k)
Advanced Placement
(27.5k)
SAT
(19.1k)
Geography
(146k)
Health
(283k)
Arts
(107k)
Business
(468k)
Computers & Tech
(195k)
French
(33.9k)
German
(4.9k)
Spanish
(174k)
Medicine
(125k)
Law
(53.4k)
Engineering
(74.2k)
Other Questions
How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
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
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qammunity.org