Abdrew2019 Abdrew2019

02-12-2020
Business

contestada

How much interest does a $407 investment earn at 6% over seven years?

Respuesta :

Samawati Samawati

02-12-2020

Answer:

$170.94

Explanation:

interest is calculate using the formula

I= p x r x t

where p = principle amount: $407

r = interest rate: 6% or 0.06

t= time: 7 year

I= $407 x 0.06 x 7

I= $24.42 x 7

I= $170.94

Answer Link

Otras preguntas

Zapping cow poop with what might help curb global warming

the portion of the uterine wall that includes the basal layer is the

the point S (-1,-3) is reflected across the line y=-2

What is the subject of this selection is __________

Teddy plays on the Wolves football team. At the beginning of a play, the ball is 80 yards from the goal line. On the first play, the ball moves 34 yards closer

List five kinds of car expenses

Mark want's to buy a new smart phone. He finds four stores selling the smart phone he wants. The deals at the store are shown. Store A: 20% off a $1000 price S

what is the difference between the coarse adjustment knob and the fine adjustment knob?

when Cinderella arrives to the ball what happens

How do events of the story all lovely stars support the idea that first impressions can be unreliable? Use details from the passage to support your answer.