Ask Question
MathematicsMathematics
15 June, 20:45

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

+2
Answers (1)
  1. 16 June, 00:43
    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 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
How much water do 4 ice cubes have?
Answers (1)
You do a study of hypnotherapy to determine how effective it is in increasing the number of hours of sleep subjects get each night. You measure hours of sleep for 12 subjects with the following results.
Answers (1)
A closed box with a square base is to have a volume of 85. 75 cm^3. the material for the top and bottom of the box costs $3.00 per square centimeter, while the material for the sides costs $1.50 per square centimeter.
Answers (1)
An oak tree that is 220 years old produced acorns at two different rates. Until it reached maturity, it produced an average of 900 acorns a year. However, once the tree reached maturity, it produced an average of 2200 acorns a year.
Answers (1)
A vet borrows $12000 for 4 years. the total interest paid was $875. what was tge interest rate on the loan?
Answers (1)
New Questions in Mathematics
On a trip from virginia to florida the sampson family wants to travel at least 420 miles in 8 hours of driving what must be their average rate of speed
Answers (1)
Rapunzel cut 2/3 of of her hair. She donated 7/8 of what she cut off to a wig shop. What fraction of her hair did Rapunzel donate?
Answers (2)
What is 6.4 divided into 52.032
Answers (1)
Order these numbers from least to greatest. - 270, 16310, - 503, - 16.5
Answers (1)
3. Consider the functions f (x) = x2 + 10x - 5, g (x) = 8x + 1, and h (x) = 3x - 4. List the functions from least to greatest value when x = 3 and when x = 6.
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?