denversatterfield69 denversatterfield69
  • 14-06-2021
  • Mathematics
contestada

You deposit $3000 in a bank account that pays 4% annual interest. Find the balance after 7 years if the interest is compounded quarterly.​

Respuesta :

oceaniajohnson6 oceaniajohnson6
  • 14-06-2021

Answer:

$3840.

Step-by-step explanation:

First, write down the formula: I= PRT (Interest= Principle, rate, time). Then you multiply all of the numbers (3000x0.04x7). You get 840, but then you need to add it to the $3000 which already exist, therefor you get your answer of $3840.

Answer Link

Otras preguntas

In plants, cellulose is a rigid tube that allows plants to maintain their form,Which similar structure and support system is found in insects?
Which principal part is this verb form? flew a. past participle b. past c. present d. present participle
Joe has 12 cups of soup in a pot. If he pours 1/4 cup of soup into each bowl, how many bowls will he use?
The digestion process starts in the _____. esophagus stomach small intestine mouth
Replication of each strand occurs in which direction
Which of the following was part of the Contract with America?
What postulate can be used to prove the triangles are congruent?SSSSASAASASA
-3x=x-(6-2x) solve for x
Which statement best describes how Hebrew beliefs developed? a. Hebrew beliefs were a reflection of what the Hebrews learned from the Egyptians. b. Hebrew beli
Tyler is thinking of a number that is divisible by 2 and by 3. By which of the following numbers must Tyler's number also be divisible?