queendaphinepdlv9x queendaphinepdlv9x
  • 02-09-2018
  • Mathematics
contestada

You deposit $2000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 25 years?

Respuesta :

cmoreno511 cmoreno511
  • 02-09-2018

This is what I get.  Total will be 4187.56 with  Interest 2187.56.   By using the formula: To find amount : A=p (1+r/n)^n×t Where P=2000,r=3%,n=1,t=25 So plug in and solve  A=2000(1+0.03/1)^1×25   To find interest you use formula  A=p+I A=4187.56, p=2000,i= we need to find. 4187.56=2000+I 4187.56-2000=I 2187.56=i

Answer Link

Otras preguntas

The part of a root that is responsible for conducting water and dissolved mineral salt from the soil to the leaves is
match each technology with the disease it helps detect or treat 1. Cancer 2. Diabetes 3. Schizophrenia Choices Genetically Engineered viruses Genetically Engine
Look at this mla citation for a print source. westbrook, eva. health and exercise 102 (2012): 56-60. print. what is missing from this citation? the date the sou
Complete the following statement of congruence: A. TRS B. RTS C. STR D. RST
Vicente está enfadado [blank]__ mismo. ¿Qué opción completa la oración correctamente? para sí de sí con sí consigo
help please ive tried with my friends and no luck
Which of the following statements are TRUE about population? I. A population refers to all the members of a species. II. A population is a reproductive group. I
5b+a-2c when a=2,b=1&c=3
5b+a-2c when a=2,b=1&c=3
Describe how the speed of a moving object can be measured using a tape measure and stopwatch