# A teacher invested $600 in an account that paid 2% annual simple interest. The teacher did not make any additional deposits or

1 answer

###### Question:

A teacher invested $600 in an account that paid 2% annual simple

interest. The teacher did not make any additional deposits or

withdrawals.

What is the total amount of interest paid by this investment at the end of

3 years?

interest. The teacher did not make any additional deposits or

withdrawals.

What is the total amount of interest paid by this investment at the end of

3 years?

## Answers

$36.00

Step-by-step explanation:

The formula for simple interest is I = P x r x t where P is the principal amount, $600.00, r is the interest rate, 2% per year, or in decimal form, 2/100=0.02, and t is the time involved, 3year(s) time periods. So t is 3year time periods.To find the simple interest, we multiply 600 × 0.02 × 3 to get that the interest is $36.00 . Usually now, the interest is added onto the principal to figure some new amount after 3 year(s), or 600.00 + 36.00 = 636.00.

#### Similar Solved Works

1 answer

### Determine the minimum value of the objective function, c. c = 3x + 2y x+y≥4 x> 0 y> 0 enter

Determine the minimum value of the objective function, c. c = 3x + 2y x+y≥4 x> 0 y> 0 enter your answer in the box. c=...

4 answers

### Which of the following statements is true regarding the concept of materiality? a. materiality is the

Which of the following statements is true regarding the concept of materiality? a. materiality is the magnitude of an omission or misstatement of accounting information that, in light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information ...

4 answers

### Which polynomial cannot be factored over the set of real numbers?F3 3a bG2 2a bH2 2a bJ3 3a 8b

Which polynomial cannot be factored over the set of real numbers? F 3 3 a b G 2 2 a b H 2 2 a b J 3 3 a 8b...

5 answers

### Why does a compound have characteristic properties?

Why does a compound have characteristic properties?...

2 answers

### A scientist wants to measure out .62liters of a liquid, but she can only find a beaker that measures volume in milliliters.

A scientist wants to measure out .62liters of a liquid, but she can only find a beaker that measures volume in milliliters. How many milliliters should she measure to equal .62liters?...

4 answers

### Select the items that are considered low risk investments. stocks, bonds, or bank accounts?

Select the items that are considered low risk investments. stocks, bonds, or bank accounts?...

7 answers

### His cheekbones were high and wide, and strong deep lines cut down his cheeks, in curves beside his mouth.

His cheekbones were high and wide, and strong deep lines cut down his cheeks, in curves beside his mouth. his hands were hard, with broad fingers and nails as thick and ridged as little clamshells. the space between thumb and forefinger and the palms of his hands were shiny with calluses. which tech...

3 answers

### Find the area of the sector, rounding your answer to 1d. p. thank you for your help :3

Find the area of the sector, rounding your answer to 1d. p. thank you for your help :3 [tex]Find the area of the sector, rounding your answer to 1d.p. thank you for your help :3[/tex]...

3 answers

### Which option is an example of intellectual property?A. Pages of a bookB. Journal of ideasC. Lines of a poem D. New version of a novel.

Which option is an example of intellectual property? A. Pages of a book B. Journal of ideas C. Lines of a poem D. New version of a novel....

6 answers

### Yo what time is it where u r brainliest to idc

Yo what time is it where u r brainliest to idc...

3 answers

### Rewrite the following sentences using the preterite tense.1. Yo tomo el sol y nado2. Mi madre come una hamburguesa 3. Los

Rewrite the following sentences using the preterite tense. 1. Yo tomo el sol y nado 2. Mi madre come una hamburguesa 3. Los chicos salen a las ocho 4. El médico visita a sus pacientes en el hospital 5. Mi familia y yo viajamos en avión porque dura menos tiempo 6. Mis hermanos estudian las matem...

3 answers

### If 12% of n is 30, what is 24% of [tex] rac{n}{5} [/tex]

If 12% of n is 30, what is 24% of [tex]\frac{n}{5}[/tex]...

4 answers

### Which best represents the rate of change of children’s Tickets with respect adults ticketsM=? A.

Which best represents the rate of change of children’s Tickets with respect adults tickets M=? A. 1/2 B.-1/2 C.-2 D.2 [tex]Which best represents the rate of change of children’s Tickets with respect adults tickets M=? A[/tex]...

3 answers

### What rule about food do muslims observe during ramadan ?

What rule about food do muslims observe during ramadan ?...

4 answers

### 1. in frankenstein, victor frankenstein may be a brilliant scientist who created one of the most infamous

1. in frankenstein, victor frankenstein may be a brilliant scientist who created one of the most infamous creature in literature, but in many ways he is also a. a fool who got lucky b. a typical teenager c. very old-fashioned 2. what was perhaps "everything" to the romantics? a. expression b. logi...

10 answers

### Find three consecutive odd integers such that the sum of the smallest number andtwice the middle number is 10 more than

Find three consecutive odd integers such that the sum of the smallest number and twice the middle number is 10 more than the largest number....

3 answers

### Tahuan sa bakit maliit ang beywang ng putakti

Tahuan sa bakit maliit ang beywang ng putakti...

5 answers

### Read the excerpt from 'Perseus.' This radiant personage [Hermes] told [Perseus] that before he attacked

Read the excerpt from "Perseus." This radiant personage [Hermes] told [Perseus] that before he attacked Medusa he must first be properly equipped, and that what he needed was in the possession of the nymphs of the North. To find the nymphs’ abode, they must go to the Gray Women who alone could tel...