jrogan25 jrogan25
  • 02-04-2021
  • Mathematics
contestada

What is the simple interest on $40,000 at 6% interest for 2 months?

Respuesta :

jcrawfordg jcrawfordg
  • 02-04-2021

Answer: $4,800

Step-by-step explanation:

(Assuming the interest is calculated monthly)

1. 6% of $40,000 = $2,400

2. $2,400 x 2 months = $4,800

3. Total value of account = $44,800; $4,800 is from interest

Answer Link

Otras preguntas

Why do you think most philosophers were from the middle class or nobility?
Shawn sells used bicycles he makes $120 a week plus $10 per bicycle sold he wants to earn at least $400 per week how many bicycles must he sell each week to acc
which domains includes only prokaryotes
In this food web, birds would be classified as
help me solve this plz Make up a story for 100 - 6x = 160 - 10x
3/4 cup = ? ounces.
Which property of gases do both Charles law and Boyle’s Law take into account? A) volume B) temperature C) pressure
By the 1770s, the two largest port cities in colonial north america were
The ratio of coins to notes in a bag is 3 to 8. If there are total of 24 coins, then how many notes are there
A number of paine's appeals and ideas exhibit the influence of people like locke, montesquieu, and rousseau. discuss some areas where you see these influences.