Register

You decide to put $820 in a savings account with a simple interest rate of 0.4%. Use the formula I=Prt to determine the amount of interest you will make after 3 years.

You decide to put $820 in a savings account with a simple interest rate of 0.4%. Use the formula I=Prt to determine the amount of interest you will make after 3 years.
asked 31.9k views
0 votes
You decide to put $820 in a savings account with a simple interest rate of 0.4%. Use the formula I=Prt to determine the amount of interest you will make after 3 years.

asked
User David Dury
by
8.2k points

1 Answer

6 votes

Answer:

I = $820(.004)(3) = $9.84

answered
User Petre Popescu
by
7.6k points
← Prev Question Next Question →

Related questions

User Iskeraet
asked Dec 23, 2018 125k views
Find the final balance in an account with $820 invested at 4% annual simple interest for three years
Iskeraet asked Dec 23, 2018
by Iskeraet
8.3k points
2 answers
1 vote
125k views
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

What is .725 as a fraction
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?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!