or2027
or2027 or2027
  • 11-01-2022
  • Mathematics
contestada

The Interest on $2,000 for 2 years is $320 what is the simple interest rate?

Respuesta :

natguevarabenavides natguevarabenavides
  • 11-01-2022

Answer:

It would be 20

Step-by-step explanation:because you have to divide 320 by 2 which equals $160 for 1 year and then divide that by 2 again would be $80 for 6 months then divide it by 2 again which would be $40 and 3 months for it then divide it by 2 again and 1 and a half months equal $20

Answer Link

Otras preguntas

there are 3 factors in the equation 5 x 3 x 2 = 30 true or false
“In 2020, America’s murder rate rose by 25% to the highest numbers in 60 years.” Answer the following analysis questions: 1) In your own words, what does this e
115 - 12 -21 + 0) Simplify: A. -2 1 4 B. - 3 4 c. 3 4 D. 2 1 4
solve for t: 2-16t=6(-3t+2)
Pleaseeseeeee help with question 7
PLZZZZZ HELP THIS IS DUE BY 8:00.Fred is trying to earn $35 to buy a basketball. He has saved $11.25. He earns $2.25 per hour doing yard work for his neighbor,
Find the product of 6.35 x 5.2.
if two particles have equal momenta, are their kinetic energies equal?
in science class, Marco recorded numbers. from an experiment as 12.87 12.13 12.5 and 12.08 which numbers are closer to 12 ? which are closer to 13?
Which one of the following statements is correct regarding rods and cones in the human eye? . * a. Cones are sensitive to dim light. b. Cones are sensitive to b