Register

An account earns simple interest. $1500 at 4% for 5 years find the interest earned. find the balance of the account

An account earns simple interest. $1500 at 4% for 5 years find the interest earned. find the balance of the account
asked 166k views
1 vote
An account earns simple interest. $1500 at 4% for 5 years find the interest earned. find the balance of the account

asked
User Bedla
by
8.4k points

2 Answers

4 votes
I=1500*0.04*5=300
A=1500+300=1800
answered
User Alinpopescu
by
7.4k points
2 votes
Interest earned: $300
Balance of account: $1800
answered
User Harsha Vardhini
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
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?
Link Copied!