Jose deposits S300 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 3 years?

Answers

Answer 1

Answer:

$54

Step-by-step explanation:

300 times 0.06 times 3

0.06 times 3 = 0.18

300 times 0.18 = 54

The simple interest is $54

Answer 2

Answer:

$54

Step-by-step explanation:

A = P(1 + rt)

300(1 + (0.06 × 3)) = 354


Related Questions

PLEASE HELP!!! I WILL GIVE BRAINLIEST

Answers

Answer:x=2y=3

Step-by-step explanation: I did this before

You put $500 in a savings account. The account earns $20 simple interest in 6 months. What is the annual interest rate? Write your answer as a percent

Answers

Answer:

8%

Step-by-step explanation:

For simple interest, we use the equation I = PRT, where I is the interest earned, P is the principal/amount invested, R is the rate as a decimal, not percentage, and T is the time in years.

For this problem, we have to use 0.5 for T, because 6 months is 1/2 a year.

20 = (500)(r)(0.5)

20 = 250r

r = 0.08 = 8%

Which equation is correct?

75 × 4 = 70 + 5 × 4

75 × 4 = 70 × 4 + 5 × 4

75 × 4 = 700 × 4 + 5 × 4

75 × 4 = 70 × 4 + 5

Answers

The answer is A
75 x 4= 70 + 5 x 4

please help me with this

Answers

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10
Sara was thinking of a number. Sara adds 19 to it, then doubles it and gets an answer of 39.2. What was the original number?

Answers

Answer:

0.6

Step-by-step explanation:

2(x+19)=39.2

x+19=19.6

x=0.6

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