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Calculating Simple Interest Rate on a $2,000 Savings Account
Homework Statement Dylan received an academic achievement prize of $2,000 from his college. He deposited this money into a savings account on July 15, 2016. If the interest accumulated on the investment when he withdraws the money on March 29, 2017 was $73.93, calculate the annual rate of...- lil.l3b91
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- Interest Rate
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- Forum: Precalculus Mathematics Homework Help
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Simple Interest help -- investment in his savings account matured to $4,106.32
Homework Statement Michael's investment in his savings account matured to $4,106.32 at the end of 165 days. If the account was earning simple interest at a rate of 4.80% p.a., answer the following. a. What was Michael's initial investment? Round to the nearest cent b. How much interest did...- lil.l3b91
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- Interest
- Replies: 2
- Forum: Precalculus Mathematics Homework Help
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Simple Interest Calculator for a 5% Rate - Help with Homework Statement
Homework Statement Karl invested his savings in a short-term fund that was offering a simple interest rate of 5% p.a. The maturity value of the investment at the end of 300 days was $29,152.08. a. Calculate the principal amount invested. Round to the nearest cent b. Calculate the interest...- lil.l3b91
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- Interest
- Replies: 7
- Forum: Precalculus Mathematics Homework Help
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Magnitude of the electric field between the plates
A uniform electric field exists between two oppositely charged parallel plates connected to a 13.0V battery. The plates are separated by 7.00x10-4 m.a) Determine the magnitude of the electric field between the plates b) If a charge of -4.29x10-6 C moves from one plate to another, calculate the...- lil.l3b91
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- Electric Electric field Field Magnitude Plates
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- Forum: Introductory Physics Homework Help