afel5dpr4igKarrioCav afel5dpr4igKarrioCav

13-03-2017
Mathematics

contestada

Lester deposited 400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. what was the total interest he earned in 3 years

Respuesta :

Aliwohaish12 Aliwohaish12

13-03-2017

Simple interest earned
I=prt
I=400×0.045×3=54
Compound balance after 3 years
A=p(1+r)^t
A=450×(1+0.032)^(3)=494.597
Compound interest earned=494.597−450=44.597
Total interest earned=54+44.597==98.597

Answer Link

Otras preguntas

two less than two times is the same as the number plus 64. what is the number? write an equation.

The area of a pentagon increased by 27 is the same as four times the area of the pentagon, minus 15. what is the area of the pentagon?

Describe a procedure to separate a mixture of sugar, black pepper, and pebbles.

Jill has $9.96 in nickels, pennies, and dollar bills in her bank. If she has 12 more pennies than nickels and 5 less dollar bills than nickels, how many of each

What makes ljsselmeer different from the other landforms in western Europe

What is 12.50 as a mixed number?

List at least five examples of a chemical change

What is the prime factorization of 2800

"What temperature is 23 degrees less than 8 degrees Fahrenheit?

true or false...? The King of England tried to get the colonists to feed and house the British soldiers with The Quartering Act.