Math, asked by Leeecme, 3 months ago

How much money should a student place in a time deposit in a bank that pays 2% compounded annually so that he will have P300,000 after 6years?

Answers

Answered by amitbera1769

5

Find the simple interest earned after 3 years on $500 at an interest rate of 6%.

Solution

Organize the given information in a list.

I = ?, P = $500, r = 6%, t = 3 years

We will use the simple interest formula to find the interest.

this question may help you

Previous Question

Next Question

Similar questions

English, 1 month ago

OD Page No 1 we__(do) not play footbal (feture Indefinite). 2 Dipika __(revise ) discorouse (feture continue). 3 he___(work) for ten years (Past Continue) 4 this shirt is Similor__that (use prepration) I I called __her is from a distant place preposition ...

Math, 1 month ago

16. [(– 8) × ( – 3)] × (– 4) is not equal to...

Science, 1 month ago

block of for frozen water.

Chemistry, 3 months ago

Statement of the Raoult’s law provides the basis for the development of concept of colligative property. Explain the statement with the help of mathematical expression.

Social Sciences, 3 months ago

who appoints chief executive officer -: a) state government b) zila parishad c) mayor d) municipal councillor...

Math, 9 months ago

status ch ona de name bolde jo ohna laye Khaas hunde sada time pata nhi kdo ao...

Hindi, 9 months ago

Vidyalay Mein aayojit Hone Wali Rangoli Pratiyogita ko Lekar do chhatron ke bich samvad likhiye Vidyalay Mein aayojit Hone Wali Rangoli Pratiyogita ko Lekar do chhatron ke bich samvad likhiye...

English, 9 months ago

The population of ___United Kingdom is approximately 65 million...