910162 910162
  • 11-04-2021
  • Mathematics
contestada

What is the simple interest earned on $1000.00 that earns 6% interest for 10 years?

Respuesta :

eunice1234
eunice1234 eunice1234
  • 11-04-2021

Answer: $600 interest

Step-by-step explanation:

Formula

I=Prt

I=Interest amount

P=Principle

r=Interest rate

t=Time

Given

P= $1000.00

r= 6%

t= 10 years

Solve

I=Prt

I=(1000)(6%)(10)

I=$600

Hope this helps!! :)

Please let me know if you have any questions

Answer Link

Otras preguntas

In New York, an Uber costs $15 plus $1.84 per mile. If you are traveling from the airport, there is an additional charge of $7.95 for tolls. How far can you tra
any 5 algebraic formulas
In an article of 12200 you get Rs 3050 cash discount. Then find the discount percent
what is hummus please help
14 cm 8 cm 10cm 5 cm.find the area and the perimeter of the above figures ​
find the slope that passes through the points : (-2, 5) & (-7,8)
if p(x) = x²+4x-3,then evaluate p(2)-p(-1)+p(1÷2)
Can how to solve this area of Trapezium ? And working out
Explain why this quadrilateral is not a parallelogram.
need serious help with correction please please help me. 20. ¿Escribes el correo electrónico a su amigo? my answer:Si, le escribo el correo a su amigo. teacher