iluminatioffial3803 iluminatioffial3803
  • 07-12-2021
  • Mathematics
contestada

Carl placed $2,600 in a savings account that compounds interest annually at a rate of 0.5%. How much will he have in the account after 7 years

Respuesta :

clarch19
clarch19 clarch19
  • 07-12-2021

Answer:

$2,691

Step-by-step explanation:

Interest (I) = Principal x Rate x Time

Total Amount (A) = Interest + Principal

I = 2600(.005)(7)

I = 91

A = 2600 + 91

A = 2691

Answer Link

Otras preguntas

NO TIME PLEASE ANSWER QUICKLY! Which phrase BEST describes a “fandango”? A) a Hispanic vegetable dish B) a fast-paced Spanish dance C) a Native Americ
¿Prefieres esta flauta o _____ en la mesa? A. ése B. éste C. ésa D. éstos
What are the causes and effects of immigration in australia?
The dimensions of rectangle A are four times the dimensions of rectangle B. The area of rectangle A is 288 cm2. What is the area of rectangle B? I THINK THE A
Consider the two solvent systems used to elute your TLC plates. a) Which solvent system is more polar, 1:4 or 1:9 ethyl acetate:hexanes? b) Compare the Rf val
Given the sequence below, what is the 9th term? 2, 1, 4, -1, 6, ...
In international trade comparative advantage is measured in A. Foreign exchange B. Efficiency C. Trade-weighted value D. Difference between money paid and money
which term refers to South Asia's unique geographical position in Asia​
Where does competition for reproduction most likely to occur
Which answer is not one of the main functions of money. A) to act as a store value B) to serve as a medium of exchange C) to act as a multiplier of value D)