Thursday

October 30, 2014

October 30, 2014

Posted by **Nancy** on Monday, March 1, 2010 at 7:34pm.

- Math -
**Lily**, Tuesday, May 14, 2013 at 1:07amThe formula for Simple Interest is Interest= Principle x Rate x Time. You fill in the formula- ?= 7540 x 4.5% x 10. Then, you turn the rate into a fraction- 0.045. Fill in the formula again, 7540 x 0.045 x 10, you multiply. 7540 x 0.045 x 10 = 3393. The interest after ten years will be $3393.

**Answer this Question**

**Related Questions**

math - Suppose $500 is divided into two bank accounts. One account pays 15% ...

Economics - Finance - If your bank pays 5.5 percent interest on savings deposits...

Finance - Bob Bryan made deposits of $10,000 at the end of each quarter to Lion ...

math - how much money would have to be invested in an account at 3.98% annual ...

math - A savings account opened 3 months ago now has a balance of Rs. 20,400. If...

math - Rob has a balance of 1695$ in his bank account The account pays 2.9% ...

Finance - First Simple Bank pays 6 percent simple interest on its investment ...

Math - If you deposit $900 semiannually in a bank which pays 6% interest ...

Business math - Sam Monte deposits $21,500 into Legal Bank which pays 6 percent...

MATH - Carmen deposits into an account that pays simple interest at a rate of ...