/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 430 Melinda deposited $5,985聽in a b... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 3: Q. 430 (page 411)

Melinda deposited $5,985in a bank account with an interest rate of 1.9%. How much interest was earned in2 years?

Short Answer

Expert verified

The interest in two years is%227.43

Step by step solution

01

Step 1. Given data

Interest rate per year=2.9%

Total amount in the bank=$5985

No of years=2

02

Step 2. Final answer

We know,

Simple interest formula is

I=PrtI=5985脳1.9脳2I=227.43

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

One number is eight more than another. If their sum is increased by 17, the result is 95. Find the numbers.

The sum of three consecutive integers is 78. Find the integers.

Find the percent decrease.

Last year, Sheila鈥檚 salary was \(42,000. Because of furlough days, this year, her salary was \)37,800.

The sum of two consecutive integers is 89. Find the integers.

The sum of three consecutive integers is 60. Find the integers.
See all solutions

Recommended explanations on Math Textbooks

Decision Maths

Read Explanation

Probability and Statistics

Read Explanation

Mechanics Maths

Read Explanation

Discrete Mathematics

Read Explanation

Calculus

Read Explanation

Logic and Functions

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.