Godjesus Godjesus
  • 01-07-2016
  • Mathematics
contestada

$2,00 after. 3 years at an interest rate of 2.5% is$round up to the nearest cent

Respuesta :

meerkat18
meerkat18 meerkat18
  • 09-07-2016
To answer the question, I assume that the interest (i) is compounded. To solve for the future worth (F) of the present investment (P) is calculated by the equation,
                                     F = P x (1 + i)^n
where n is the number of years. Substituting the known values,
                           F = ($2000) x (1 + 0.025)^3 = $2,153.78 
Thus, the answer is approximately $2,153.8.
Answer Link

Otras preguntas

"There is no Negro problem . There is no Southern problem. There is no northern problem. There is only an American problem. " What does the technique of repeti
what does rise over run mean
Is 78/11 a whole number or mixed number
What is 1.625 rounded to the nearest tenth
Which of the following occurred in 1435 that changed China’s relationship with the rest of the world? Zheng He explored the coasts of Southeast Asia and India a
Prosecutor's spend most of their time working with members of what group?
Which of the following is always a part of speed, velocity, and acceleration? time direction temperature change in speed
what is the GCF of 83 and 105?
According to gordon allport, personality should be described in terms of:
can someone please help me with this please?