Register
An account earns simple interest. $1500 at 4% for 5 years a. Find the interest earned. b. Find the balance of the account. help
161k views
12 votes
An account earns simple interest.

$1500 at 4% for 5 years

a. Find the interest earned.



b. Find the balance of the account.

help

User Krupa Patel
by
8.2k points

1 Answer

3 votes

Answer:

1500/100 x 4 = 60

60 X 5 = 300

interest earned $ 300

total balance $1800

User Frederik Aalund
by
8.4k 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.

9.5m 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!