Abdrew2019 Abdrew2019

02-12-2020
Business

contestada

How much interest does a $407 investment earn at 6% over seven years?

Respuesta :

Samawati Samawati

02-12-2020

Answer:

$170.94

Explanation:

interest is calculate using the formula

I= p x r x t

where p = principle amount: $407

r = interest rate: 6% or 0.06

t= time: 7 year

I= $407 x 0.06 x 7

I= $24.42 x 7

I= $170.94

Answer Link

Otras preguntas

Is 7/12 greater then 4/12

What was one reason Portugal led Europe's exploration of the world

A method of fertilizing human ova outside the body is known as _______. A. postpartum B. sterilization C. conception D. in-vitro fertilizationEdi

If -10 is subtracted from a number, the result is 6. what is the number?

what is 1 2/12 as a decimal this is a mixed number?

What is the equation of the function that is graphed as line a?y = 1/3x - 2y = -3x - 2y = 3x + 2y = -1/3x - 2

A pencil is 66 inches long. A piece of rope is 1212 feet long. Which diagram and statement best represent their length

Suppose you choose a marble from a bag containing 3 red marbles, 5 white marbles, and 4 blue marbles. You return the first marble to the bag and then choose aga

What impact did explorers and missionaries have on africa?

Joseph received a new credit card in the mail, and his first purchase was a new pair of sneakers for $115. Joseph's credit card has a 1% introductory APR, a lat