austinking3500 austinking3500

05-10-2018
Mathematics

contestada

You invest $400 in an account that pay3% interest compounded by annaully what will your balance be after 1year

Respuesta :

mandeep1226 mandeep1226

05-10-2018

CI = P[ (1 + r/100)^n - 1]
A = P( 1 +r/100)^n

A= 400( 1+ 3/100)^1
A= 400* 103/100= 4*103=$ 412

hope u understand

Answer Link

Otras preguntas

What is the domain of the following function?A) {-6, -2, 1, 5, 7, 8}B) {-2, 7}C) {-6, 1, 5, 8}D) all Real numbers

The beam of light house makes one complete revolution every 20 seconds how many degrees is it rotate in five seconds

Which of the following is the graph of a function where y = f(x)?

6. Which of the following statements is true regarding the use of books for the study of history? Due to the Internet, books are not used to study very much any

help me with this question please

How many students chose an orange as their favorite fruit ? Need to do step by step work the whole page.

based on the information in the diagram which statement is true

The probability of a teenager in a locality owning a bike is 0.33, of owning a car is 0.16 and of owning both is 0.11. If a teenager is chosen random from the l

How many lines are determined by 18 points, no 3 of which are collinear?

Debra is going to rent a truck for one day. There are two companies she can choose from, and they have the following prices: company A has no initial fee but ch

Q&A Education