MCkosmoNOT MCkosmoNOT
  • 02-02-2017
  • History
contestada

You invest $4,000.00 for six months at a 4.25% APR. How much interest will you earn?

Respuesta :

jeniferleiva01
jeniferleiva01 jeniferleiva01
  • 02-02-2017
[4000(0.042
5)]/2=$85 this is the answer...

Answer Link
millermoldwarp
millermoldwarp millermoldwarp
  • 26-03-2019

The correct answer is that the interest earned in 6 months for an investment of $ 4,000.00 at an interest rate of 4.25% per year was $ 85.

I = P * i * n       where:     I = earned interest,        P = capital

i = annual interest,         n = time

I =?    P = $ 4,000.00      i = 4.25%      n = 1/2 years

I = $ 4,000.00 * 0.0425 * 0.5

I = $ 85.00

Answer Link

Otras preguntas

What is a judgement based on observation and experiments called?
Which Asian country defeated Russia in war and gained control of Manchuria and Korea? A. Indochina B. Thailand C. Japan D. Taiwan
what is 2v+7=3 of this equation
What is the slope of a line represented by the equation 2y = × - 4?
Can some one please help me?
what is 39:60 as a fraction, decimal, and a percent?
Which war resulted in territorial gains for the United States that caused sectional conflict in the years leading up to the Civil War? Revolutionary War War of
Who was the leading figure during the French Revolution's Reign of Terror? A. Napoleon Bonaparte B. Louis-Charles C. Maximilien Robespierre D. Marquis de Lafay
what is the Egyptian goddess Bastet role??
Which is a good comparison of the estimated sum and the actual sum of 7 7/8 and 2 11/12?