Sydthechi Sydthechi

13-05-2021
Mathematics

contestada

A principal of $3000 was
invested in a savings account
for 3 years. If the interest
earned for the period was
$450, what was the interest
rate?
A=P+Prt

Respuesta :

clarch19 clarch19

14-05-2021

Answer:

r = 0.05 or 5%

Step-by-step explanation:

3450 = 3000 + (3000 · r · 3)

450 = 9000 · r

450/9000 = r

r = 0.05 or 5%

Answer Link

Otras preguntas

help me with this one aswell, too confused and tired for this

need some help with these questions in the image

3. Monthly sales figures for January are 5600. This is expected to fall for the following 9 months at a rate of 2% each month. Thereafter sales are predicted to

help, asap, explain, thx a^2-b^2=8 a+2=2 then a-b=?

why did I decide to be a bad person. Why can't I be good enough? Why am I here to bring everyone else down..

How is preimplantation genetic diagnosis used in the future? Please help Thank you

what is the difference between 4 hundredths and 8 ten thousandths?

What is the relationship between commercial agriculture, industrializa- tion, and the growth of cities?

Two 6-sided dice are rolled. What is the probability the sum of the two numbers on the die will be 6? A. 31/36 B. 1/18 C. 1/6 D. 5/36

why is the freezing compartment kept at top in a refrigerator?