a. How much would the account earn in one year of simple interest at a rate of 5.12%?
Answer:
The account will earn in one year the amount of $10,512,000
Step-by-step explanation:
Given as :
The principal in the account = $10,000,000
The rate of interest = 5.12% at simple interest
The time period = 1 years
Let The amount that account earn after 1 year = $A
From Simple interest method
Simple interest = S.I =
or, S.I =
or, S.I =
or, S.I = $512,000
So, Simple interest = S.I = $512,000
Now, Amount = Principal + Interest
I.e A = $10,000,000 + $512,000
Or, A = $10,512,000
So, Amount = A = $10,512,000
Hence The account will earn in one year the amount of $10,512,000 Answer
The business account with a principal amount of $10,000,000, an interest rate of 5.12%, and a time of 1 year, would generate $512,000 in simple interest.
To calculate simple interest, we use the formula I = PRT, where I is the interest, P is the principal amount (the initial sum of money), R is the rate of interest (in decimal form), and T is the time in years. In this case:
To find the interest, you would substitute these values into the formula to get:
I = (10,000,000) * (0.0512) * (1) = $512,000
So the account would earn $512,000 in one year of simple interest at a rate of 5.12%.
#SPJ11
B. 5
C. 10
D. 20
+4n-1<+6n+9-8n+15
what is n?
B) 61°
C) 83°
D) 119°
Will give 5 stars thx and brainliest 17 points plz hurry
Answer:
D:119
Step-by-step explanation: