kaylee5569 kaylee5569
  • 11-04-2021
  • Mathematics
contestada

Find the balance in the account.
4. $3,900 principal earning 2%, compounded annually, after 3 years

Respuesta :

fatimamalhi00
fatimamalhi00 fatimamalhi00
  • 11-04-2021

Answer:

$4138.7

Step-by-step explanation:

P= $3,900

R= 2%

T or n= 3 years

compounded anually (yearly) so:

A= P(1+[tex]\frac{R}{100}^n[/tex])

A= 3900(1+[tex]\frac{2}{100}^3[/tex])

A= $4138.7

Answer Link

Otras preguntas

How do you do 2.06 in expanded form
Place the <,> or = 643,783 ( ) 643.783 1,347.09 ( ) 1,347.90
What was the Berlin Wall?
Describe what might happen if Earth’s magnetic field continues to lose strength.
In figuring his net income, Mr.Halkides listed his salary income of $15,000, $258 from his dividends,and $2562 from the sale of property. His deductions include
How do you factor 16-2m^2?
Write 3.050904 in expanded form in two ways.
Un eseu de 3 pagini cu tema ,,Spatiul Romanesc,, intre diplomatie si conflict intre secolele 14 si 18 , cauzele interne si externe ale inceputului luptelor
$30.50 - $17.79= Solve this problem in two diffrent ways (5th grade math)
Write 2.275 as a mixed number