smartestmanonearth smartestmanonearth
  • 04-06-2020
  • Mathematics
contestada

12.
A $20,000 investment earned a simple interest rate of 5.4%. How much interest was earned in one year?

Respuesta :

garybgajiton
garybgajiton garybgajiton
  • 04-06-2020

Answer:

18,920.00

Step-by-step explanation:

discount = x

original price = $20,000

discount% = 5.4%

x/20,000 = 5.4/100

x · 100 = 5.4 · 20,000

100x = 108,000

100x/100 = 108,000/100

x = $ 1,080.00

Sale price = original $ - discount $ = final answer

$20,000 - $1,080 = $18,920.00

Answer Link
kashandtola kashandtola
  • 04-06-2020

Answer:1,080

Step-by-step explanation:

20,000 x .54 equals $1,080

Answer Link

Otras preguntas

Martin is making squares by arranging 26 sticks . How many squares can he make? Write and solve the number fact you used to find the answer.
If the inflation rate increases faster than their income, people will most likely
Dandruff is caused by the shedding of excess cells from the outer layer of the skin
"It felt as if the whole globe was dressed in snow." Simile or metaphor?
Why do businesses try to sell more products or try to sell products at higher prices?
find the inverse of the function f(x) =4x+6
What is 6,000, 234 divided by 3
A student completing research for a project enters the following search terms: Drugs AND prescription AND cost Which of the following best describes the likely
Please help me use the words persecute and boycott in a sentence about the American colonies.
martian periodic table