Register
Marc deposits $1000 into a savings account. The account pays 4% simple Interest on an annual basis. Is he does not add or withdraw money from the account, how much interest will he earn after 9 montgs?
110k views
2 votes
Marc deposits $1000 into a savings account. The account pays 4% simple Interest on an annual basis. Is he does not add or withdraw money from the account, how much interest will he earn after 9 montgs?

A. $10

B.$20

C$30

D.$40

User Isquierdo
by
3.7k points

1 Answer

1 vote

Answer:

C

Explanation:

1000*0.04 = 40

(9/12) * 40 = 30

User Laukik Patel
by
3.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.4m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
Link Copied!