seyramhlover seyramhlover
  • 16-10-2018
  • Mathematics
contestada

Ben deposited 15000 in the bank for 12 months at 15% annually how much interest did he get?

Respuesta :

jdoe0001 jdoe0001
  • 16-10-2018

assuming is simple interest, well, 12 months is 1 year, so


[tex]\bf ~~~~~~ \textit{Simple Interest Earned}\\\\I = Prt\qquad\begin{cases}I=\textit{interest earned}\\P=\textit{original amount deposited}\dotfill & \$15000\\r=rate\to 15\%\to \frac{15}{100}\dotfill &0.15\\t=years\dotfill &1\end{cases}\\\\\\I=(15000)(0.15)(1)\implies I=2250[/tex]

Answer Link

Otras preguntas

A light plane flew from its home base to an airport 255 miles away. With a head wind, the trip took 1.7 hours. The return trip with a tail wind took 1.5 h
on sara's computer, 3/8 of the hard drive is files. Of the files, 1/6 are games . What part of the hard drive is games?
What were the 4 major truths Jefferson presented in the declaration of independence?
how have computers changed mapmaking in recent years
how have computers changed mapmaking in recent years
what type of rock is the Haystack rock (igneous, Metamorphic, or Sedimentary)
2 ( 4a - 12 ) + 3a = 6a + 1
3 ( 4d + 1 ) - 9d = 6 - 2d
What were the 4 major truths Jefferson presented in the declaration of independence?
2 ( 4a - 12 ) + 3a = 6a + 1