gamerchihuahua gamerchihuahua

11-01-2017
Mathematics

contestada

What is the final balance for an account starting with $2000 at 3.5% interest compounded annually for 3 years?

A = P(1 + r)t

Respuesta :

apologiabiology apologiabiology

11-01-2017

A=final ballance
P=presene amount
r=rate in decimal
T=time in years

[tex]A=P(1+r)^t[/tex]

given
P=2000
r=3.5%=0.035
t=3

[tex]A=2000(1+0.035)^3[/tex]
[tex]A=2000(1.035)^3[/tex]
A=2217.44

answer si $2217.44

Answer Link

Otras preguntas

Select the term which best defines the movement of an object against an opposing force. Select one: Work Energy Play Entropy

"Would Westward Expansion of the United States have happened without the idea of “Manifest Destiny?” Why or why not? " PLEASE HELP ME LIKE SOS thank you :)

Eight more than a number is 20. Find the number.

Seasonal variation in solar radiation, temperature, and day length is due to the A. tilt of the Earth's axis. B. greenhouse effect. C. Coriolis effect caused by

which of the following is not a characteristic of the 5\'ʹ cap?

why was quaid e azam called an ambassador of the hindu muslim unity

How would Caedmon react if her able to experience a second miracle?

Write a summary of the moral Logic of Survivor Guilt that includes key ideas and details

Why has costa rica not had the deforestation issues that brazil has experienced?

Factor the expression completely. x^4-17x^2+72