Alexandram7761 Alexandram7761

04-05-2021
Mathematics

contestada

Derek deposited $3,000 in simple interest account 3years ago. He had earned $360 in interest so far. What is the interest rate for his account?

Respuesta :

drmallery drmallery

04-05-2021

Answer:

4%

Step-by-step explanation:

He earned 120/year (360/3-120)

determine interest rate

120/3000=.04 0r 4%

Answer Link

Otras preguntas

The powers of both houses of the California Legislature are nearly identical except for the Senate ___. A. Term lengths B. Number of members C. Voting procedure

A case of paper weighs 20 kilograms what is this weight in pounds?

How do I convert 4/5 to a percentage?

a jet plane on the deck of an aircraft carrier is accelerated before take off using a catapult . the mass of the plane is 3.2x10^4kg and it is accelerated from

I am a substance have different odour in acidic and basic solutions who am I

i was a trailblazing member of congress whose actions led the way for leaders such as president barack obama. in 1972 i became the first person of color to run

How much potential energy does a 1000 kg roller coaster have when it is at the top of a 40 meter hill? O 5 40,000 J O 392,000 J O 294,000 J O 25 J

How did U.S. involvement in the Korean War affect the balance of power between the legislative and executive branches of our government?

Drag the tiles to the correct boxes to complete the pairs. match the inventor with his invention.a) eli whitney b) henry bessemerc) thomas edisond) james watt e

Alkali metals are kept under oil because?