daleciaollison daleciaollison

04-03-2021
History

contestada

You deposit $4000 in an account that pays 2.88% annual interest. Find the balance after 2 years when the interest is compounded
monthly

Respuesta :

poetwithamission poetwithamission

04-03-2021

Answer:

$4,236.87

Explanation:

A = $ 4,236.87

A = P + I where

P (principal) = $ 4,000.00

I (interest) = $ 236.87

This is the formula:

A = P(1 + r/n)nt

A = 4,000.00(1 + 0.0024/12)(12)(2)

A = $ 4,236.87

Answer Link

Otras preguntas

How do you write 47300 in scientific notation

if x equals 8-(-2.25) and y equals 6-4.2-(-4.9) what is the value of x-y

Which Biblical hero was the subject of this famous bronze statue by Florentine sculptor Donatello? a. Moses b. Solomon c. David d. Abraham

David charges $15 plus $5.50 per hour to mow lawns. Ari charges $12 plus $6.25 per hour to mow lawns. In what situations is Ari's charge greater than or equal t

Which Indian piece of literature contains the passages called the Bhagavad Gita? a. the Mahabharata c. the Ramayana b. the Siddheswara d. the Panchatantra

you have 4 gallons of gas in your car. Your car gets 23 miles per gallon. How many miles can you drive?

Billy stacked six pieces of wood on top of one another. If each piece was three-quarters of a foot tall, how tall was his pile?

What percent of 925 is 37%

Earth's greenhouse effect is most directly related to the _____ cycle. a. argon b. carbon c. oxygen d. nitrogen

How can the distributive property be used to find 4x875?draw an array.