softballsadie2640 softballsadie2640

15-04-2021
Mathematics

contestada

What is the simple interest earned on an investment of $12,625 in mutual funds for 12 years at a rate of 4%

Respuesta :

facundobuzzetti facundobuzzetti

16-04-2021

Answer:

Interest earned= $6,060

Step-by-step explanation:

Giving the following formula:

Principal (P)= $12,625

Interest (r)= 4%= 0.04

Period of time (t)= 12 years

To calculate the interest earned after twelve years, we need to use the following formula:

I= P*r*t

I= (12,625*0.04*12)

I= $6,060

Interest earned= $6,060

Answer Link

Otras preguntas

The sum of two numbers is 3, and their quotient is 2. What are the two numbers?

9. How can the demand for one good be affected by increased demand for another one? a. When goods are bought together, increased demand for one will decrease de

In collectivist societies, people:__________ a) are largely concerned with their own personal needs b) think of themselves as separate entities. c) define the

Help me SIIIIIIIIIUUUUUUU

find sin 0a 8/15b 15/8c 15/7d 8/17

HELP!! 5/6 divided by 8/11

Summary of Rise of Greek civilization please help 100 points

Harlequin shrimp _______. A. Control starfish populations b. Clean parasites from select fish species c. Control tubeworm populations d. Hide within coral using

In three to five sentences, describe the post World War II economic differences between Eastern and Western Europe

help ill give brainlest pls