TomaszW722323 TomaszW722323
  • 03-11-2022
  • Mathematics
contestada

How much interest is earned on an initial investment of $700 with a 5% annual rate for 2 years? A $700B $350C $70D $35

Respuesta :

CaoimheV589459 CaoimheV589459
  • 03-11-2022

Let's calculate the 5% of $700 using a rule of three:

This way,

[tex]\begin{gathered} x=\frac{700\cdot5}{100} \\ \Rightarrow x=35 \end{gathered}[/tex]

$35 is earned each year, For two years, the earnings would be $70

Answer: C. $70

Ver imagen CaoimheV589459
Answer Link

Otras preguntas

a sales person earns £16000 a year. She is offered a rise of 22%. How much will she now receive?
How do juliet’s last words ‘if all else fail, myself have the power to die’ reflect her state of mind?
It has been proposed that mitochondria and chloroplasts are modern descendants of early prokaryotic cells that began to reside and gradually evolve within prim
a ballon has a volume of 253.2 mL. the volume of the balloon is decreased to 165.4 mL determine new tempature
HELP ME PLEASE!! THANK YOU!
Please help quickly!! (picture included)
0.25 g na in moles please
Explain the steps you would use to find the perimeter of a rectangle using the coordinates of the vertices
Why should fiber-rich foods be avoided in an athlete's pregame meal??
What is 4/52 reduced?