Questions LLC
Login
or
Sign Up
Ask a New Question
Mathematics
Finance
Simple Interest
Mandi puts $20 in her savings account. The account pays 3% simple interest. How much interest will she earn in 2 years?
1 answer
Interest = (20 * 3 * 2)/100
You can
ask a new question
or
answer this question
.
Related Questions
Suppose that Saleem has money in a savings account that pays him interest of 5% per year on the account balance. Now, Saleem
If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial
Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest.
A. how much does
Jayden opens a savings account with $100.00. His account pays 4% simple interest. How much money will be in his account one year
a woman puts $580 into a savings account for one year. the rate of interest on the account was 6 1/2%. How much interest for the
ms. buxx invested a total of $2000 in two savings accounts. The first account pays 3% interest per year and the second account
Sam opened a money-market account that pays 2% simple interest. He started the account with $7,000 and made no further deposits.
Yvonne put $4,000 in a savings account. At the end of 3 years, the account had earned $960 in simple interest.
A. how much does
1) Carmen borrowed $1,200 for three months at 10.5% interest. How much interest did she pay for the loan?
2)Zack deposited $1,200
Kerry Stutsman has $500 in a saving account earning .45% interest. She is considering buying a 1-year certificate of deposit