Ask Question
19 October, 15:00

Richard deposited $5500 for 6 years on 2.40% interest rate in his savings account. How much simple interest will he earn?

+3
Answers (1)
  1. 19 October, 15:02
    0
    Hello,

    Shall we begin?

    prinicipal = 5.500

    time = 6 years

    tax = 2.4% per year

    j = interest=?

    j = cit

    j = 5.500 * 0,024 * 6

    j = 792

    Answers: interest 792.00
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Richard deposited $5500 for 6 years on 2.40% interest rate in his savings account. How much simple interest will he 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