youreallamazing
youreallamazing youreallamazing
  • 09-11-2020
  • Mathematics
contestada

What is the simple interest earned in 4 months on a $300
savings account at an annual rate of 5%?

Respuesta :

noahsantos80
noahsantos80 noahsantos80
  • 09-11-2020

Answer:

$60

Step-by-step explanation:

Multiply $300 (the total amount of money) by 0.05 (the annual rate)

300 x 0.05 = 15

Then, Multiply the number of months, to 15

15 x 4 = 60

$60 of simple interest earned in 4 months

Answer Link

Otras preguntas

Studying how the brain helps a person see is
Find the missing side length
How does studying the economy give us more insight into a country or region?
Maggie recorded her summer reading in the table below. Problem What is the constant of proportionality that relates number of pages read, y, to the number of ho
Tammy runs 8 miles in 45 minutes. How many minutes does she take per mile?
Pls help with this math
8 7/10 - 3 4/10pls help im so behind​
It takes 20 minutes for Janis to prepare lunch. When Kristen helps, it only takes 12 minutes. How many minutes would it take Kristen to prepare the same lunch i
how is multiplying two decimals different from multiplying a whole number and a decimal
please help with this as well please