Register
You deposit ​$ 3500 in an account with an annual interest of 3.4​% for 20 years.
115k views
2 votes
You deposit ​$ 3500 in an account with an annual interest of 3.4​% for 20 years.

User Radi
by
6.7k points

1 Answer

3 votes

Answer:

0.0048

Explanation:

I=PRT/100

3.4=3500×R×20 /100

340/70000=R

R=0.0048

User Anton Kupias
by
8.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.3m questions

10.9m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
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?
Write words to match the expression. 24- ( 6+3)
Link Copied!