math

posted by .

austin invests 4500 with a bank at 5 1/4%simple interest. how much does he earn after a year.
would the answer be 4500*.0525*1=236.25

  • math -

    Right.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    austin invests 4500 with first national bank at 5 1/4% simple interest. how much interest does austin earn after one year?
  2. math

    Tamara invests $30,000 in an account earning 7% interest per year over the next 4 years. How much (simple) interest will her investment earn in total?
  3. Math

    Becky has saved $4500. She would like to earn $325 per year, by investing into two different investments: a low-risk investment that pays 5% annual interest and a high -risk investment that pays 9% annual interest. How much should …
  4. Math

    A person invests $4500.oo into 2 different mutual funds. The first has a 4.5% interest rate the second 6%. He made a total of $225 in the investment. How much did he invest in each fund?
  5. math

    not sure how to solve this problem, Mrs. Smith put $5,000 into a certificate of deposit at the bank that paid 6% interest per year. if the bank paid simple interest on this money, how much would Mrs. Smith earn in a year
  6. math

    not sure how to solve this problem, Mrs. Smith put $5,000 into a certificate of deposit at the bank that paid 6% interest per year. if the bank paid simple interest on this money, how much would Mrs. Smith earn in a year
  7. simple interest

    Jimmy invests 15,000 coins in a bank and earns simple interest. After 2 years he withdraws all his money from the bank .If the amount that he receives is 17,000 coins ,calculate. (a)the interest received (b)the rate at which bank pays …
  8. math

    Leroy invests $7,500 at 15% simple interest per year. How much interest will he earn in 10 months?
  9. MATH

    How much would you have to invest into a 5 year certificate of deposit paying 2.3% compounded weekly to make it worth $4500 at the end of the term?
  10. Math

    Constance invested $4500 for 3 years in a savings account paying simple interest with a yearly interest rate of 3.5%. How much simple interest did she earn?

More Similar Questions