Ask Question
MathematicsMathematics
3 August, 14:30

Find simple interest on $5,523 principal deposited for seven years at a rate of 4.99%

+3
Answers (1)
  1. 3 August, 17:50
    0
    I=PRT

    I=interest

    P=initial amount

    R=rate in decimal

    T=time in years

    given

    P=5523

    R=4.99%=0.0499

    T=7

    I = (5523) (0.0499) (7)

    I=1929.1839

    round

    $1929.18 interest earned
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Find simple interest on $5,523 principal deposited for seven years at a rate of 4.99% ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A baseball team has won 16 of its first 27 games. At the rate, how many games will it win in a 162 game schedule
Answers (2)
The original price of a kind of phone is $1050. Then, it's price decreases by $50 per month. Calculate the price of the phone after 12 months
Answers (1)
5 divided by 7 over 10
Answers (2)
Can 444 be divisible by 9
Answers (2)
Vertex for of f (x) = 1/2 (x-2) - 4
Answers (1)
New Questions in Mathematics
Is 3 a solution to the equation 5 + (-8) n=29
Answers (1)
What is 12/15 written as a percent and decimal
Answers (1)
The temperature dropped 17 Fahrenheit in 6 hours. The final temperature was - 3 Fahrenheit. Use integer addition to find the starting temperature.
Answers (1)
What would $25 deposited 56 yrs ago be worth today?
Answers (1)
What is the value of x in the equation 3x - 1/9y = 18, when y = 27?1
Answers (1)
Home » Mathematics » Find simple interest on $5,523 principal deposited for seven years at a rate of 4.99%
Sign Up Forgot Password?