SOLUTION: How much simple interest would there be after one year on a deposit of $900.00 when the rate is 8% annually?
Algebra
.Com
Question 1201041
:
How much simple interest would there be after one year on a deposit of $900.00 when the rate is 8% annually?
Answer by
math_helper(2461)
(
Show Source
): You can
put this solution on YOUR website!
900 * 8% or 900 * 0.08 = 72
RELATED QUESTIONS
An investor has a total of $10,000 to deposit in two simple interest accounts. On one...
(answered by
macston
)
A person wishes to deposit $5,000 per year in a savings account which earns interest of 8
(answered by
ikleyn
)
Julian deposits some money in an account which pays 5% simple interest per year, and...
(answered by
Boreal
)
A certificate of deposit for one year pays $221 simple interest on a principal of $3400....
(answered by
rfer
)
how much money will you have at the end of one year if interest is compound semi-annually
(answered by
checkley77
)
Lili invests $15,000 in two one-year certificates of deposit. One certificate pays 3%,...
(answered by
solver91311
)
Hell my name is Teri and I have been stuck on this problem forever. Problem: Phyllis
(answered by
ankor@dixie-net.com
)
A bank offer simple interest on a certificate of deposit. Jamie invests $500 and after...
(answered by
Cromlix
)
You make a deposit of 2000€ into your account. the interest rate is 5% and the interest...
(answered by
Edwin McCravy
)