Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. consider the amount of simple interest earned 1 00

Consider the amount of simple interest earned 1 000 at 7 for 6 years Give...

70.2K

Verified Solution

Question

Basic Math

image

Consider the amount of simple interest earned 1 000 at 7 for 6 years Give the formula for simple interest where I is the interest in dollars P is the present value in dollars r is the annual interest rate as a decimal and t is the time in years I p r t 100 Determine the following values P 1000 r 0 07 t 6 1000 7 6 100 p r t 100 Calculate the amount of simple interest earned 420 Need Help Read It X Your answer cannot be understood or graded More Information

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. In 2018, ABC Corporation purchased a new photocopier (asset class 8) with a CCA rate...

Accounting
Q

Determine the stability region using the Schur-Cohn criterion for a system whose characteristic equation P(z). ?(?) =...

Electrical Engineering
Q

what should do Tesla to solve production line problems? please provide many solutions with details ?

Operations Management
Q

In this activity we have graphed the function y = sin(x). For this assignment, you will...

Advance Math
Q

Record the number of cells in each phase of the cell cycle in the table...

Biology
Q

diameter =radius=17. Find the diameter and radius of a circle with a circumference of 20.1...

Geometry
Q

O PROBAE Probabili Events and R

Statistics
Q

Cash Payments First Third Second Quarter Fourth Quarter Quarter Quarter Total Total direct...

Accounting
Q

A contribution format income statement based upon the 72,000 projected sales units for the year...

Accounting
Q

Condensed financial data of Pina Company for 2025 and 2024 are presented below. Additional...

Accounting
Q

show work please Problem 1: Steven Steel Corporation faces the following...

Accounting
Q

Diekmann Company, a U.S.-based company, acquired a 100 percent interest in Rakona A.S. in the...

Accounting