koraljaramillo koraljaramillo

13-06-2017
Mathematics

contestada

Kevin wants to know how much money he will have in his account if he earns 5% interest compounded yearly for four years on a deposit of 2000

Respuesta :

Aliwohaish12 Aliwohaish12

14-06-2017

Hi there
The formula is
A=p (1+r)^t
A future value?
P present value 2000
R interest rate 0.05
T time 4 years
So
A=2,000×(1+0.05)^(4)
A=2,431.01

Hope it helps

Answer Link

Otras preguntas

Why are many crusty breads cooked in long, thin loaves?

Which statement about lines of longitude is true? -They are parallel. -They converge at the poles -They locate positions in north and south directions. -They co

pls help asap!!!! Which number best represents the slope of the graphed line?

Consider the set S of bit strings defined recursively by:

types of computer analogue, digital, hybrid computer

What is “Reduced something to dust”?

Compute the length of sides AB, AC.

9x+9y=9. Solve for Y

The box plots show the weights, in pounds, of the dogs in two different animal shelters. Weights of Dogs in Shelter A 2 box plots. The number line goes from 6 t

An uncharged spherical conductor hangs by an insulating thread. You bring a negatively charged rod near from the left side. The net charge on the hanging conduc