soqinasep5391 soqinasep5391
  • 04-02-2021
  • Mathematics
contestada

Savings account pays 3.6% per annum simple interest. Heidi puts £400 into the bank. How much will she have in the account after five years?

Respuesta :

samuelonum1
samuelonum1 samuelonum1
  • 06-02-2021

Answer:

$472

Step-by-step explanation:

Given data

Rate= 3.6%

Principal= £400

Time = 5 years

Let us apply the simple interest expression for the final amount A

A= P(1+rt)

substitute

A=400(1+0.036*5)

A=400(1+0.18)

A=400*1.18

A=$472

Hence she will have $472 in her account after 5 years

Answer Link

Otras preguntas

what colors are birds are attracted 2
What do Frederick Douglass' words "America reigns without a rival" mean?
how do u divide 16 by 3/5
Identify the turning point of the function f(x)=x^2-2x+8 by writing its equation in vertex form. Show work
What do Frederick Douglass' words "America reigns without a rival" mean?
What two factors determine the state of rocks and metals Inside the earth?
which expression is equivalent to x^4-y^4?
what is the cell cycle??
what is the cell cycle??
What two factors determine the state of rocks and metals Inside the earth?