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

In How the Other Half Lives, Jacob Riis exposed
Who is the Dalai Llama
1.Which statement is true about this argument? Premises: If two lines are parallel, then the lines do not intersect. Lines m and n do not intersect. Conclusion:
Which expression has a value of 15 when n = 7 A. 43 - 5n B. 3n - 5 C. 6n - 28 D. 19 - 28/n
Democracy came to Greece by means of which of the following? Select all that apply. a man name Aristotle who established the first school of thought nobles k
Explain how you can solve 8x8 if you know how to multiply with 4 but not how to multiply with 8
3 teachers for 63 students what is the ratio
How would you use the cidr specification format to specify the network address 192.168.10.0?
How does the supremacy clause impact disputes among states or between states and the national government
How did Robert Whittaker change classification?