TomaszW722323 TomaszW722323
  • 03-11-2022
  • Mathematics
contestada

How much interest is earned on an initial investment of $700 with a 5% annual rate for 2 years? A $700B $350C $70D $35

Respuesta :

CaoimheV589459 CaoimheV589459
  • 03-11-2022

Let's calculate the 5% of $700 using a rule of three:

This way,

[tex]\begin{gathered} x=\frac{700\cdot5}{100} \\ \Rightarrow x=35 \end{gathered}[/tex]

$35 is earned each year, For two years, the earnings would be $70

Answer: C. $70

Ver imagen CaoimheV589459
Answer Link

Otras preguntas

find the perimeter use pi
One way the Fitzgerald establishes the credibility of his character is that with each fist, Samuel A) Is more mature and quicker to understand the lesson B) Is
Help me out please!!!!!!
The volume of a prism is 8000 mm3. What is the volume of this prism, measured in cm3?
Max's carton has a height of 6 inches with a base area of 12 inches squared. Tucker's carton has a height of 7 inches with a base area of 10 inches squared. How
How many railroads contribute to urban growth during the second industrial revolution
How do I work out this question ??
Which was the first console with a programmable microprocessor and a ROM chip?
Why did the collapse of the western roman empire lead to a new age in western europe?
The odds against a spinner landing on green are 7:2. 1.) What is the total number of possible outcomes? 2.) How many ways can the spinner not land on green?