jrogan25 jrogan25

02-04-2021
Mathematics

contestada

What is the simple interest on $40,000 at 6% interest for 2 months?

Respuesta :

jcrawfordg jcrawfordg

02-04-2021

Answer: $4,800

Step-by-step explanation:

(Assuming the interest is calculated monthly)

1. 6% of $40,000 = $2,400

2. $2,400 x 2 months = $4,800

3. Total value of account = $44,800; $4,800 is from interest

Answer Link

Otras preguntas

Round the fraction to the nearest whole number. 3 1/2

What are the variables in the expression 2w + 11t + 4y

QUESTION 4.Ifyou have 2 randomly selected vectors like R and R;Show that R. RX 5) = 0(102)

What is the per capita GDP of Cuba? Be sure to indicate the calendar year that this information represents.

Escherichia coli is the scientific name of a bacterium. What category of classification is Escherichia? * A.order B.genus C.phylum D.species

Which object is a symbol of the revitalization of life in The Secret Garden? the garden tools the roses o the key to the secret garden o the robin redbreast

what is the solution to the equation below?

Map of the 1848 election Lewis Cass received what percentage of the popular vote?

On January 1, 2021, Essence Communications issued $800,000 of its 10-year, 8% bonds for $700,302. The bonds were priced to yield 10%. Interest is payable semian

3. A survey of 400 recent high school graduates found that 340 had drivers licenses and 216 had jobs. 42 of the graduates said that they had neither a drivers l