juancarlos121905 juancarlos121905

24-03-2021
Mathematics

contestada

cynthia has earned 1,000 and wants to put it in a savings account that earns 5% simple interest. Assuming. She makes no additional deposits or withdrawals, what will be the total value of Cynthia's account after 48 months.

Respuesta :

cupcake57377 cupcake57377

25-03-2021

Answer:1,200

Step-by-step explanation: The formula for Simple Interest is I=prt p=principal r=rate expressed as decimal t=time in years

I=1,000*0.05*4

0.05 because 5% in decimal form it’s 0.05

4 because 48months dived by 12= 4 years

200=1,000*0.05*4 The interest is 200 but they are asking for the total value so then you add the amount you initiated with 1,000+200=1,200

Answer Link

Otras preguntas

A condition that causes the lining of the small intestine to flatten out in response to gluten ingestion is called

If f(x) = ∣(x2 − 8)∣, how many numbers in the interval 0 ≤ x ≤ 2.5 satisfy the conclusion of the mean value theorem?

How has india been able to experience rapid economic growth since 1991 despite poor education and healthcare system?

The weights of bags of pet food are distributed normally about the mean, 50 lb. The standard deviation is 0.2 lb. In a group of 20 bags, about how many would y

To put up several tents for a camping trip, you need several pieces of rope each 6 2/3 feet long. If you have a rope that is 43 feet, how many pieces can you

Despite considerable concern about the high rate of _________ use among pregnant women, studies have failed to find a homogeneous pattern of fetal effects, and

A student and a professor each choose a number between 1 and 8 (1 and 8 are both possible choices). what is the probability that the two choose the same number

Use cavalieri's Principle to calculate the exact of an oblique cylinder with a radius of 10 meters and a height of 11 meters.

solve this: (a^3-2a^2)-(3a^2-4a^3)

Izzy's pupils are dilated and her heart is pounding; her breathing is shallow and rapid. her _________ nervous system is active.