Ralph deposited $700 in an account that pays 4.25% simple interest per year. How much interest did he earn in two years?

$59.50

$29.75

$126.44

$76.33

Question

14-05-2021
Mathematics

contestada

Ralph deposited $700 in an account that pays 4.25% simple interest per year. How much interest did he earn in two years?

$59.50

$29.75

$126.44

$76.33

Respuesta :

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karen019 karen019 · Answer 1 · 2021-05-14T16:14:58+02:00

karen019 karen019

14-05-2021

The answer is $29.75 because if you calculate $700X4.25%=29.75 put this on 4.25 put % and it will give you the right answer but this is the answer $29.75

Answer Link

Ralph deposited $700 in an account that pays 4.25% simple interest per year. How much interest did he earn in two years? $59.50 $29.75 $126.44 $76.33

Respuesta :

Otras preguntas

Ralph deposited $700 in an account that pays 4.25% simple interest per year. How much interest did he earn in two years?

$59.50

$29.75

$126.44

$76.33