Seudónimo Seudónimo

22-03-2020
Mathematics

contestada

You deposit $500 every year into a bank paying 3.5% compound interest per year. How much would your investment be worth at the end of 3 years?

Respuesta :

jriso1997 jriso1997

22-03-2020

Answer:

$552.5

Step-by-step explanation:

Lets use the I=PRT formula

Where

I=interest

P=principal(500)

R=rate(0.035)

And

T=time(3)

So

I=500*0.035*3

I=52.5

We need to add the interest and the principal to get the total amount

52.5+500=552.5

Answer Link

Otras preguntas

Strontium-85 has a half-life of 65 days. how long will it take for the radiation level of strontium-85 to drop to one-fourth of its original level?

The profit a company earns every month depends of the amount of product sold, p, for $855 each and the amount spent in rent, utilities and other expenses, which

Which description is an example of an allegory? A. O. Henry's "The Ransom of Red Chief" recounts the story of two bandits who kidnap a spoiled little boy for

Minor company installs a machine in its factory at the beginning of the year at a cost of $135,000. the machine's useful life is estimated to be 5 years, or 300

A baseball player throws a 95mph fastball straight up into the air. The position equation, which gives the height of the ball at any time t, in seconds, is give

classify the following triangle check all that apply ?APEX

G a spherical tank has a capacity of 300 gallons. using the fact that 1 gallon is about 0.1337 ft3, find the radius of the tank (to the nearest hundredth of a f

Let u = <-9,4>, v = <8, -5>. Find u - v.

Karl marx introduced the idea of a _____, a pool of job-seekers whose numbers outpace the available positions and who contribute to keeping wages low and condit

Invent a board game and then construct a prototype model. include detailed, step-by-step instructions on how to play.