demont050808 demont050808

21-08-2020
Mathematics

contestada

You are offered an investment that pays simple interest and will earn $200 interest on a $2000 investment over 5 years. What interest rate is the investment paying? A) 1.5% B) 2% C) 2.5% D) 3%

Respuesta :

sqdancefan sqdancefan

21-08-2020

Answer:

B) 2%

Step-by-step explanation:

The simple interest formula is ...

I = Prt

Interest I is earned on principal P when it is invested at rate r for t years.

Filling in the given values, we can solve for r:

200 = 2000r(5)

200/10000 = r = 2/100 = 2%

The interest rate is 2%.

Answer Link

Otras preguntas

The altitude of an object, d, can be modeled using the equation below. d=-16t^2+vh+h.where v is the initial velocity and h is the initial height.A catapult laun

An open-end fund has a net asset value of $10.70 per share. It is sold with a front-end load of 6%. What is the offering price?

In the American federal system, political party organizations operate at the precinct, local, state, and national level. This characteristic of American politic

The award received by Richard ebright at age of 22

A manufacturing process that produces electron tubes is known to have a 10% defective rate. Suppose a random sample of 15 tubes is selected from the manufacturi

A triangle has an area of 900m^2 . If a parallelogram has the same height and base as the triangle, what is the area of the parallelogram?

oraciones usando will be able to para hablar en futuro

Please select the word from the list that best fits the definition Inexhaustible and renewable resources are used less than____ resou

. The substitution bias in the consumer price index refers to the idea that consumers ________ the quantity of products they buy in response to higher price, an

Tuller wants to start a commercial trucking business and also wants to form his own limited liability company (LLC). Tuller, as the only member of the LLC, will