Questions LLC
Login
or
Sign Up
Ask a New Question
Questions
Mathematics
How much interest is earned in two years in two years on $200 in a bank account at an interest rate of 6%
1 answer
What is
200(1.06)^2 - 200 ?
You can
ask a new question
or
answer this question
.
Similar Questions
How much interest is earned in two years in two years on $200 in a bank account at an interest rate of 6%
Top answer:
simple interest: 200*.06*2
Read more.
1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after
Top answer:
All of your answers are right except for # 1.
Read more.
If $13,000 is deposited in a bank account paying 6% compounded quarterly, what amount will be in the account after 8 years? How
Top answer:
r = 6% / 4 = 1.5% = 0.015 = Rate /qtr. n = 8 yrs * 4 comp. /yr = 32 comp. Pt = Po(1 + r)^n,
Read more.
A bank pays 5% interest per annum for a deposit account . If Ahmed deposits 200 naira in a bank for two years, what will be his
Top answer:
To calculate the total amount in the bank at the end of two years, we need to calculate the interest
Read more.
Jonathan puts $400 in a bank account. Each year the account earns 6% simple interest. How much interest will be earned in 5
Top answer:
D$120
Read more.
Jonathan puts $400 in a bank account. Each year the account earns 6% simple interest. How much interest will be earned in 5
Top answer:
D$120
Read more.
puts $400 in a bank account. Each year the account earns 6% simple interest. How much interest will be earned in 5 years?
Respons
Top answer:
The correct answer is D) $120. To find the amount of interest earned in 5 years, we can use the
Read more.
puts $400 in a bank account. Each year the account earns 6% simple interest. How much interest will be earned in 5 years?
Respons
Top answer:
To calculate the amount of interest earned, we can use the formula for simple interest: Interest =
Read more.
For a given interest rate, simple interest varies jointly as the principal and time. If $3000 left in an account for 6 years
Top answer:
I sure hope that the above is not how "they" are teaching you to calculate simple interest
Read more.
For a given interest​ rate, simple interest varies jointly as the principal and time. If ​$2000 left in an account for 6
Top answer:
i = kpt, so if p is the same, i/t = pk is constant. Thus, you want i such that 960/6 = i/7 That is,
Read more.
Related Questions
Mr. Mitchell deposited $40,000 in a bank and earned simple interest at 7% per anum for two years.calculate the amount he will
Steve wants to have $25000 in 25 years, he can only get 3.2% interest compounded quarterly. his bank will guarantee the rate for
If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial
Pat deposits $600.00 in a saving accounts at a simple interest rate of 6% per year for five years. How much money will pat have
A bank offers two interest account plans. Plan A gives you 6% interest compound annually. Plan B gives you 13% annual simple
Determine the amount of time it would take for an investment to double if interest is earned at a rate of 3.75% compounded
How much simple interest is earned after 5 years if a bank lends $10,000 to a business for 8 percent a year?(1 point
1.Find the interenst earned in an acount with $600.00 invested at 4.5% annual simple interest for 2 years.
A. $540.00 B.
A person deposited 100000 in a bank for three years. The Bank paid interest at 8% per annum compounded half yearly during the
Kelsey deposited $3,600 in a bank account with an annual interest rate of 4.25%. How much interest was earned in 5 years?
