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

Which type of atom has the same number of protons and electrons
Compare 6 ⋅ 108 with 3 ⋅ 106. PLEASE HELP ME!! TvT
Reread the first line of the poem. Which sentence best describes the poets purpose for beginning the poem this way? The poem is “Icarus’s Flight” A: the poet wa
which technology was essential for the development of the cell theory?​
Answers: A)116 degrees B)54 degrees C)62 degrees D)25 degrees
Suppose the following table displays the production levels of capital goods and consumption goods of the towns of Broseley and Ironbridge. Ironbridge Capital G
What did the European Explorers call North America once they landed there in the 1400s?
What treaty ended the brief war with Mexico and what did Mexico give up in the treaty?
What actions of the right-handed twin contribute to the theme that there is no true good or evil? Cite evidence from the selection to support your answer
.What is the value of the expression below when x=9? Enter the answer as NUMBER only? 1/3 x^2+4