haileymendenhall haileymendenhall
  • 08-03-2015
  • Mathematics
Answered

what is the interest earned on $350.00 invested 4 years at a 5% simple interest?



Answer :

apologiabiology
apologiabiology apologiabiology
  • 08-03-2015
so simple interest earned is [(5% of 350) times 4]
so
percent means parts out of 100 so 5%=5/100=1/20
'of' can be translated as multiply
(1/20 times 350) times 4
[(350/20)times 4]
[(17.5) times 4]
[70]
70 is the answer
Answer Link

Other Questions

What were several ways in which enslaved Africans resisted their treatment in the Americas?
Why are the flat surfaces on a rectangular prism called faces
What is rock that forms when melted, or molten, rock from Earth's mantle cools and hardens is called what? pleas answer as soon as possible
Four points of mercantilism
what is 46/15written in mixed number
Can the sum of two mixed numbers be equal to two? Explain why or why not.
Anthony had $280.  Johnnie had $420.  What is the ratio of Anthony's money to Johnnie's money?
Stacey filled her one half cup measuring cup seven times to have enough flour for a cake recipe. How much flour does the cake recipe call
what is the value of 2+3^2-|-4 |
What were several ways in which enslaved Africans resisted their treatment in the Americas?