Register
calculate the interest would I earn on $500 at 6% simple interest if you made no withdrawals or deposits for three years
188k views
1 vote
calculate the interest would I earn on $500 at 6% simple interest if you made no withdrawals or deposits for three years

User Noah Borg
by
7.8k points

1 Answer

7 votes
I = PRT
I = 500(0.06)(3)
I = 30(3)
I = $90
I = Interest P = Principle R = Rate Of Interest T = Time (Years)
You will earn $90 in simple interest.
User SilverHorn
by
8.7k 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

What is .725 as a fraction
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
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!