birridielvie birridielvie

11-12-2020
Mathematics

contestada

If the principal is $10, 624 and the rate of interest is 6.25%, what is the amount of interest after four years?

If the principal is 10 624 and the rate of interest is 625 what is the amount of interest after four years class=

Respuesta :

crystivia crystivia

11-12-2020

Answer:

$2656

Step-by-step explanation:

6.25% of $10,624 is $664, so that is the amount of interest every year.

$664 times 4 is $2656, so after 4 years $2656 will have been paid.

Answer Link

Otras preguntas

An artist charges $980 for a portrait but gives 5% discount for cash. Calculate the cash Price for portrait

What is the intermediate step in the form (x+a)^2=b as a result of completing the square for the following equation? x^2+32x+116=12x

what method of accounting does coca-cola company use

On November 1, 20X1, Gerakos Corporation sold software and a six-month technical support contract to a customer for $80,000. Gerakos sells the same software wit

Frank makes $320 a week. If he works more than 8 hours in a day, he gets paid $10 for each hour of overtime. What did Frank earn if he worked 9 hours on 3 days

someone pls help me. i dont understand this at all :c

What are the values of x, y, and z? I need help with this please help me

Read the following instructions and passage. Then, write a brief essay (at least 3 paragraphs) that answers the prompt below. The passage below is from Teachi

Just solved this question

My professor gave me an assignment with HTML, CSS, and Javascript involved. The HTML and CSS files don't need to be edited but the Javascript file needs a lot o