jessxann22 jessxann22

08-10-2019
Mathematics

contestada

An initial deposit of $1400 earns 11% interest, compounded monthly. How much will be in the account in 3.5 years

Respuesta :

harpazo harpazo

08-10-2019

Use the formula A = p(1 + r/n)^(nt).

Here is the set up:

You want to solve for A.

A = 1400[1 + (0.11)/(12)]^(12)(3.5)

Plug into calculator to find the value of A.

A = money in the account after 3.5 years.

Answer Link

Otras preguntas

How many cups of vegetables are recommended each day? a. 1.5 cups b. 2.0 cups c. 2.5 cups d. 3.0 cups

How many square would this be?

Everyone in the crew has completed many months of training. Which word in the sentence is a collective noun?

The strength of the force of gravity depends on a. the masses of the objects and their speeds. b. the masses of the objects and the distance between them. c.

What is the value of y in the equation 4(5y –8 –2) = 185 –15?

A number is selected at random from the set {2, 3, 4, … 10}. Which event, by definition, covers the entire sample space of this experiment? a. The number is gre

During the Red Scare of the 1950s, which American politician became famous for his vicious campaign to uncover communists in the U.S. government and military?

Money received by an individual for personal effort is classified as ______________ income. passive earned portfolio excluded capital gains

What is the definition for rule of occupation?

A light bulb manufacturer randomly tests 1500 bulbs and finds that 2 are defective. How many defective bulbs would be expected in a shipment of 24,000 bulbs? A