Ask Question
MathematicsMathematics
13 November, 15:07

You invest $2,000.00 at a rate of 4% APR for a 3 months. How much interest did you earn?

A. $80.00

B. $40.00

C. $20.00

D. $10.00

You earn $10.00/hour and work 40 hours/week. You invest $4,000.00 at an interest rate of 5% APR for a year. How much interest did that savings earn in a year in terms of hours of work?

A. 100 hours

B. 20 hours

C. 40 hours

D. 400 hours

+1
Answers (1)
  1. 13 November, 15:15
    0
    1) If you invest $2,000.00 at a rate of 4% APR for 3 months and the interest is compounded monthly then in 3 months. It will be worth $2,020.07.

    So subtracting $2,000 from $ 2,020.07

    we get.

    $20.07

    2) I = Prt

    I = 4,000 * 0.05

    I = $200

    200 / 10 = 20 hours of work
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You invest $2,000.00 at a rate of 4% APR for a 3 months. How much interest did you earn? A. $80.00 B. $40.00 C. $20.00 D. $10.00 You earn ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Greg bought 6 postcards for $3.00. at this rate, how much would 10 postcards cost?
Answers (1)
The function h (x) is quadratic and h (3) = 5 (-10) = 0. Which could represent h (x) ? h (x) = x2 - 13x - 30 h (x) = x2 - 7x - 30 Oh (x) = 2x2 + 26x - 60 Oh (x) = 2x2 + 14x - 60 Mark this and return Save and Exit
Answers (1)
The roots of the equation 3x²-2x-4=0 are J and K. Evaluate J² + K².
Answers (1)
The local farmers market sells a 4 pound basket of apples for 5.60 each Apple weights about 4 oz what is the price per Apple?
Answers (1)
True or false you toss a fair coin nine times and it lands tails up each time. the probability it will land heads up on the tenth flip is greater than 0.5.
Answers (1)
New Questions in Mathematics
Stacey owns a lot that has 180 feet of front footage and contains 36,000 square feet. She purchases two lots adjacent to each side of his lot. These side lots are each 200 feet deep and contain 19,000 square feet.
Answers (2)
Estimate. Then record the product $149 x 5
Answers (1)
Find the perimeter of the rectangle What is the area
Answers (1)
Just before a referendum on a school budget, a local newspaper polls 390 voters to predict whether the budget will pass. suppose the budget has the support of 53 % of the voters.
Answers (1)
Solve the Following Equation ... 15 (x+4) = -2
Answers (1)
Home » Mathematics » You invest $2,000.00 at a rate of 4% APR for a 3 months. How much interest did you earn? A. $80.00 B. $40.00 C. $20.00 D. $10.00 You earn $10.00/hour and work 40 hours/week. You invest $4,000.00 at an interest rate of 5% APR for a year.
Sign Up Forgot Password?