jrogan25 jrogan25
  • 02-04-2021
  • Mathematics
contestada

What is the simple interest on $40,000 at 6% interest for 2 months?

Respuesta :

jcrawfordg jcrawfordg
  • 02-04-2021

Answer: $4,800

Step-by-step explanation:

(Assuming the interest is calculated monthly)

1. 6% of $40,000 = $2,400

2. $2,400 x 2 months = $4,800

3. Total value of account = $44,800; $4,800 is from interest

Answer Link

Otras preguntas

what is the prefix of enactment?
If item costs $99.99 with 15% off and I get final price. It then asks me what percentage of savings. How do I get the percentage of savings
2 friends want to equally share 4/3 feet of rope.What length of rope should ea friend get?
What is 60 divided by 100 and why? ( I got 0.6 but I'm not sure ) plz hurry
What is bigger fraction, 5/6 or 6/7
How did the alliances that formed in Europe after world war 2 form an "iron curtain" as described by Winston Churchill in a 1946 speech?
Orchids are a type of flowering plant. How would biologists explain how a living orchid species lacking leaves evolved from an ancestral orchid species that had
What is the Geocentric theory in your own words?
Substitution how do u do it??
How did New England's physical geography help the growth of industries?