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

Hitler was an example of what kind of authority?
consider a rabbit that is at x=8.1 m a t=0 and moves with a constant velocity of -1.6 m/s. what is the equation of motion for the rabbit?
Weight measures A. How dense an object is. B. How large an object is. C. The amount of mass in an object. D. The effect of gravity on an object.
integral of cot^4/cot^2x
Explain the diference between identical twins and fraternal twins. How the y form and and their genetics makeup
Explain why numbers with a 5 in ones place or not prime numbers
If a is divisible by​ b, then a divided by ÷b has a remainder of
3+10+4-6 I am stuck help on this algebra expression
_______ completes the formation of two new daughter cells. Telophase Cytokinesis Interphase Mitosis
5 harmful effects of poverty in one's personal health