alexissaunders52691 alexissaunders52691

19-01-2021
Business

contestada

After an initial investment of $20,000, Joseph's bank account has earned $16,000 in interest over the last 10 years. At what rate is he earning interest

Respuesta :

ujgerman ujgerman

20-01-2021

Answer:

what rate is he earning interest

Interest rate is 8%

Explanation:

I = C·i·t,

C Initial Investement

i Anul interest rate

t time

16000=20000*i*10

16000=200000*I

I=16000/200000

I=0,08

I=8%

Answer Link

Otras preguntas

Two parents have the genotype Gg for a genetic disorder caused by a recessive allele. What is the chance that any of their children will inherit the distance?

Need more urgent help plz

Select noun phrase is the underlined group of words is a noun phrase. Select not a noun phrase is the underlined group of words is not a noun phrase

Pesquise o que significa monopólio.O texto anterior se refere ao monopólio econômico do pau-brasil.Atualmente,existem monopólios econômicos? Debata

can u help me please i dont get it please

Which of the following is an inference? A. Mrs. Thompson asked the students turn in their papers before beginning their presentations. B. Melanie cleared

99 points for an answer. Which is the most logical order of statements and justifications I, II, III, and IV to complete the proof? A. II, III, I, IV B. III, II

which of the following is one of the most abundant in all living things?

In literature, a dynamic character is one who changes throughout the story. Analyze how Squeaky would be considered a dynamic character throughout “Raymond’sRun

-8 - x = x - 4 how do I solve it