nayjohnso nayjohnso

05-10-2020
Mathematics

contestada

If $15,000 is invested in an account that earns 5.6% simple interest, how
much money is in the account after 10 years?

Respuesta :

howerlamia howerlamia

05-10-2020

Answer:

$8400.00

P is the principal amount, $15000.00.

r is the interest rate, 5.6% per year, or in decimal form, 5.6/100=0.056.

t is the time involved, 10....year(s) time periods.

So, t is 10....year time periods.

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