leon25nico leon25nico
  • 04-03-2021
  • Mathematics
contestada

You deposit $400 in an account. The account earns $72 simple interest in 6 years. What is the annual
interest rate?

Respuesta :

Аноним Аноним
  • 04-03-2021

The principal was $600.

Explanation:

Find principal by using the formula , where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.

In this example I = $72, i = 4% and t = 3 years, so

Answer Link
bm66813 bm66813
  • 04-03-2021

Answer: 173,200

Step-by-step explanation:

This is very simple and I can help with this!!

Interest= Principal x Rate x Time

Interest = ($400)($72)(6)= 172,800+400= 173,200

Answer Link

Otras preguntas

Give an example of a situation in which you would describe an object’s position in: a. one dimension b. two dimensions c. three dimensions
3p/5=12 Please help p=?
Why is the intensity of an earthquake strongest in the epicenter
How do you divide 25kg in a ratio of 2:3:5
A patient has 0.0000075 gram of iron in 1 liter of blood. The normal level is between 6* 10^-7 grams and 1.6*10^-5 grams. Is the patient's iron level normal? Wr
Intersection of Two Lines x+y=3 2x+y=5 Solve by the Elimination Method
Which was a consequence of people migrating from the rural areas to the city? a) homesteading b) bans on immigration c) melting pot d) slums
The cost of manufacturing a printer is $35. The manufacturer has a markup of 15% when selling to a retailer. The retailer has a markup of 30%. what is the selli
what times what equals to 810
Which number is a factor of both 20 and 35?