birridielvie birridielvie
  • 11-12-2020
  • Mathematics
contestada

If the principal is $10, 624 and the rate of interest is 6.25%, what is the amount of interest after four years?

If the principal is 10 624 and the rate of interest is 625 what is the amount of interest after four years class=

Respuesta :

crystivia
crystivia crystivia
  • 11-12-2020

Answer:

$2656

Step-by-step explanation:

6.25% of $10,624 is $664, so that is the amount of interest every year.

$664 times 4 is $2656, so after 4 years $2656 will have been paid.

Answer Link

Otras preguntas

Explain what the body mass index calculates
Swinging a baseball bat is an example of a ___ lever
a number decreased by 5 is less than 32
Factor completely 3x − 12. 3(x − 4) 3(x + 4) 3x(−12) Prime
drawn and labeled pH scale
The ratio of two numbers is 3to 4. The synod the number is 63. What are the two number
Which word is the past participle form of push? A. pushing B. push C. pushes D. pushed WILL GIVE BRAINELIST
On Friday 3/10 of the students at a school were wearing white t-shirts and 5/12 of the students were wearing blue shirts.
what is the gcf of 60 and 20
Which word and punctuation mark corrects the punctuation error in this sentence? In the box I found my necklace which I had misplaced a year ago. A.box; B.neck