1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erastovalidia [21]
2 years ago
6

You deposit $400 in an account earning 2% interest compounded annually. How much will you have in the account in 20 years?

Mathematics
1 answer:
iVinArrow [24]2 years ago
6 0

Answer:

Approximately $594.38

Step-by-step explanation:

Use the formula: y = a(1 + r)^t
a is the initial amount
r is the percent of interest in decimal form
t is the time in years
y is the money after t years

Substitute the values given in the problem into the equation:
400(1+0.02)^20
Use a calculator or solve manually
Around 594.38

You might be interested in
What is the square root of -9 in simplest form
matrenka [14]
It is 3i.
The square root of -9 is the square root of -1 times the square root of 9.
So: the square root of 9 is 3, and the square root of -1 is called i (this doesn't actually exist, it's just imaginary).
Then, the square root of -9 is 3i.
4 0
3 years ago
Read 2 more answers
A rectangle has a perimeter of 112 centimeters. if the length of the rectangle is 3 times its​ width, find the dimensions of the
ss7ja [257]
112/2=56 (sum of both lengths)
4x=56
x=14

length=42
width=14
7 0
3 years ago
HELP ASAP PLZ I HAVE NEVER BEEN MORE CONFUSED ON HOW TO WRITE AN EQUATION ;-;
Rainbow [258]
Me too hhaha haha 23
5 0
3 years ago
-3x-9=-15 solve for x​
qaws [65]

Answer:x=2

Step-by-step explanation:

-3x-9=-15

-3x=-6

x=2

7 0
2 years ago
Read 2 more answers
Mrs. Smith has 12 times as many markers as colored pencils. The total number of markers and colored pencils is 78. How many mark
yanalaym [24]

The answer is 930, because 78 multiply 12 is 930.
3 0
3 years ago
Read 2 more answers
Other questions:
  • The difference of the squares of two positive consecutive even integers is 28. find the integers.
    12·1 answer
  • Stacy and Travis are rock climbing. Stacy's rope is 4 feet shorter than 3 times the length of Travis' rope. Stacy's rope is 23 f
    7·1 answer
  • Solve for x<br> HELP ASAP <br> 20 points
    7·1 answer
  • Two similar figures have sides in the ratio of 2:3. If a side of the smaller triangle has a length of 7, what is the length of t
    11·1 answer
  • Write a problem that can be solved by skip counting on a number line
    6·2 answers
  • 2. A square tent has a side with a length of<br> 4x2yzd feet. What is its area?
    10·1 answer
  • Match each equation to its solution​
    9·2 answers
  • 165​% of what number is ​66?
    9·1 answer
  • Wilbur ran 27.6 miles more than Totsakan
    12·1 answer
  • I NEED HELP ASAP!!!!!
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!