Kenzie7851 Kenzie7851
  • 03-03-2021
  • Mathematics
contestada

If you put $750 into a savings account that earns 6.2%, how much interest will you receive at the end of 7 years?

Respuesta :

JeanaShupp
JeanaShupp JeanaShupp
  • 05-03-2021

Answer: You will receive $ 325.5 as interest at the end of 7 years.

Step-by-step explanation:

Given: Principal amount = $750

Rate of interest = 6.2% = 0.062

Time = 7 years

Interest = Principal x Rate x Time

Inetrest = 750 x 0.062 x 7

= $ 325.5

Hence, you will receive $ 325.5 as interest at the end of 7 years.

Answer Link

Otras preguntas

which food is the temperature danger zone tdz
How many solutions does the system of equations below have? 2x + y = 3 8x + 4y = –11
The Henderson family bought 6 bags of cookies. Each bag had 14 cookies. They have since eaten 28 of the cookies. How many cookies do they have left?
Which was the earliest large city known to exist in the Americas? A. Caral in the Andean region B. Monte Álban in the Oaxaca Valley C. Teotihuacán in the
A plant system must balance its need for water with its need for carbon dioxide and oxygen. If too much water is lost, the stomata will close. How does this aff
A shop in the mall is 5 yards by 16 yards. How much would it cost to recarpet the shop with carpet that costs $1.26 per square yard?
Solve with substitution Y=x+6. Y=-2x-3
What are multiple alleles
Solve the system of equation Y= 3x -1 4x+y=-8
If we hear wheezing, What is it usually related to ________.