Yes, it is. Good job! 

RELATED QUESTIONS

A clerk gets his first paycheck in the amount of  $12500. He invests 40%  in a fixed... (answered by ikleyn,josgarithmetic,MathTherapy)

Liam invests £6200 for 3 years in a savings account. He gets 2.5% per annum compound... (answered by josgarithmetic)

Jana invests £300 at a simple interest rate at 4.5% per year.at the end of each year jane  (answered by fractalier)

Harry is a joiner and in the current tax year Harry expects to be paid for work he will... (answered by ikleyn)

ken deposits £5000 in a bank account. he gets 4% interest per year  .how much interest... (answered by rfer)

carlos deposits $500 into an account that pays simple interest at a rate of 6% per yer.... (answered by jim_thompson5910)

Adrian invested $1000. How much interest would he earn after 1.5 years if he gets 4.25%... (answered by Fombitz,MathTherapy)

A man invests N1800 at simple interest. After 2 years th amount (including interest) is... (answered by Theo)

Susan invests R45 000 at a simple interest rate of 6% per year. Two years later, she adds  (answered by )