MaybeTØP
MaybeTØP MaybeTØP
  • 11-09-2019
  • Mathematics
contestada

Find the total amount. $3600 at 6.5% compounded annually for 2 years.

Respuesta :

Casey82680
Casey82680 Casey82680
  • 11-09-2019

Answer:

$4083.21

Step-by-step explanation:

Compound interest is an interest rate that stacks on top of each other

So basically I did 3600 × 1.065 for the first year

=3834

then i did 3834 × 1.065 again to calculate the second year

=4083.21

Hope this helps! If you have any questions ask! :)

Answer Link
homegondal6 homegondal6
  • 26-03-2020

Answer:

D. $4083.21

Step-by-step explanation:

Answer Link

Otras preguntas

What is the latest actual share count reported in the 2013 Colgate-Palmolive 10-K? Please provide your answer without comma separator or decimal.
Solve 2x - 2x/7 = x/2 + 17/2 (make sure to type the number only)
Predict the reactants of this chemical reaction. That is, fill in the left side of the chemical equation. Be sure the equation you submit is balanced. _______
What is the correct prime factorization of 24
Determine the graph transformation....
Which event launched the impeachment process against President Nixon?the Watergate break-in by burglars funded by CREEPthe Washington Post articles about the CR
Arc length practice
Jayde is wrapping a cube shape present that is 14 inches tall. How much wrapping paper will be needed to wrap the whole present?
The dimmer star in a two-star system passes in front of the brighter star. Which phenomenon does this describe?
Explain the relationship between a thriving civilization and it’s agriculture system? In a paragraph