Mathematics, 15.12.2019 00:31 anaroles04
1.)if the simple interest on $1,000 for 2 years is $160, then what is the interest rate?
2.)a new bank customer with $2,000 wants to open an ira to earn money for retirement. the bank is offering a simple interest rate of 9%. how much interest will the customer earn in 20 years? in 30 years? what will be the account balance after 20 years? after 30 years?
3.)edward deposited $7,000 into a savings account 3 years ago. the simple interest rate is 3%. how much money did edward earn in interest? what would be his new account balance?
(pls me, asap)
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1.)if the simple interest on $1,000 for 2 years is $160, then what is the interest rate?
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