xhmu63eyz5 xhmu63eyz5
  • 04-02-2021
  • Mathematics
contestada

you deposit 3,800 in an account with an annual interest of 5.2% for 20 years

Respuesta :

x111flowers
x111flowers x111flowers
  • 04-02-2021

First, convert R percent to r a decimal
r = R/100
r = 5.2%/100
r = 0.052 per year,

Then, solve our equation for A
A = P(1 + r/n)nt
A = 3,800.00(1 + 0.004333333/12)(12)(20)
A = $ 10,726.90
Answer Link

Otras preguntas

Arrange the processes in the order they occur during embryonic development and cell differentiation.
Let’s say a 0.001kg bullet moves with a speed of 1500 m/s. A pitcher claims he can throw a 0.15 kg baseball with as much momentum as that bullet. How fast would
Quotes in Trevor Noah that illustrate his sense of humor and explain.
There is a line that includes the point (4, -2) and has a slope of 1 What is its equation in slope -intercept form?
• An equation written as Ax + By = C, where A, B, and C are real numbers is said to be in the
You take 150 you had kept under your mattress and deposit it in the bank account. Supposed this $150 stay in the banking system as reserves and bank hold reserv
Quotes in Trevor Noah that illustrate his sense of humor and explain.
SkateWorld charges $10.00 for admission plus $2.50 per hour to rent ice skates. IceLand charges $7.00 for admission plus $4.00 per hour to rent ice skates. Writ
How do I solve this to create an equation in standard form?? plz help me explain this step by step. Thank you
A scientist notices an increase in the glycose production in the plants he is studying . What are the possible reasons ?