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

a fossil form when an organism buried in sediment dissolves leaving a hollow area
what is the function of flagella??
How do u write 6 tenths in simplest form
list two ways that American Indians and European colonists were allies
what country did hernando de soto work for?
Explain why animals must eat food, but plants do not have to.
On a map what do black dots usually represent?
the difference between food chain and food web
a fossil form when an organism buried in sediment dissolves leaving a hollow area
The product of two consecutive odd integers is 77 more than twice the larger integer.find the integers.