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
natka813 [3]
2 years ago
13

how much would be in your savings account in 9 years after depositing $160 today if the bank pays 9 percent per year

Business
1 answer:
levacccp [35]2 years ago
7 0

In 9 years after depositing $160, in my savings account would be $289.6

The formula for simple interest and procedure we will use to solve this exercise is:

S.I.= (P*R*T)/100

Where:

  • P = principal
  • R = rate of interest in % per annum
  • T = time

Information about the problem:

  • P = $160
  • R = 9%
  • T = 9 years
  • Total amount = ?

Applying the simple interest formula, we get:

S.I.= (P*R*T)/100

S.I.= (160* 9*9)/100

S.I.= $129.6

Calculating the total amount that would be in my savings account, we get:

Total amount = P + S.I.

Total amount = $160 + $129.6

Total amount = $289.6

<h3>What is simple interest?</h3>

It is the operation in which we calculate the profit produced by a capital loaned at a given percentage.

Learn more about simple interest at: brainly.com/question/20690803

#SPJ4

You might be interested in
Concern about an international crisis has caused consumers to save their money and postpone big purchases. what is the effect on
noname [10]
Had to look for the options and here is my answer.
The issue about the international crisis made a great impact on consumers and this made them save their money and postponed big purchases. How this affected on aggregate demand and aggregate supply is that aggregate supply will decrease, which would lower both the price level and the real GDP. Hope this helps.
6 0
3 years ago
Read 2 more answers
One factor that allows saudi arabia to successfully use strategic trade protectionism to increase oil revenues is that?
enyata [817]

Nations are unable to react by placing limitations on other imports from Saudi Arabia.

What is Strategic Trade?
Strategic commerce refers to the management of certain commodities' export, import, international transit, and transhipment to specific recipients, for specific end-uses/end-users, and under specific conditions. Dual-use drugs and technologies that have both acceptable commercial uses and sensitive uses that could support actions that hurt people or states are those that are listed as subject to UN Security Council Resolution 1540 (2004) and other UN embargoes and penalties. Controlling these commodities requires a balanced strategy; dual-use products, parts, and raw materials must be seen as strategically traded in order to prevent them from moving farther into criminal usages.

To learn more about Strategic Trade
brainly.com/question/17102390
#SPJ4

5 0
1 year ago
Bradley, the president of Commerce &amp; Trade, Inc., claims that certain actions by the federal government and the state of Del
olga nikolaevna [1]

Answer:

The correct answer is B

Explanation:

The Bill of Rights is the one which guarantees the liberties as well as the civil rights to the individual such as the religion, press and freedom of speech.

It states the rules for the procedure which is due for the law and also reserves all the powers not delegated to the Federal Government to the States or the people.

Therefore, the one where all the rights limit the federal government.

5 0
3 years ago
Advertising increases levels of consumer purchase of specific brands which in turn affects gross domestic product. T/F
jeka57 [31]

Answer:

The correct answer is False.

Explanation:

Advertising really tries to increase the purchase levels of products and services, not specific brands. Therefore, this statement is false considering that although all economic transactions affect GDP (positively or negatively), the advertising function is not aligned with its duty.

8 0
3 years ago
Read 2 more answers
2020 Discuss the effect the FOMC's actions (or lack of actions) had on the following: a. The stock market as measured by the Dow
jok3333 [9.3K]

<u>Solution and Explanation:</u>

The FOMC’s actions are as follows:

1.a. The dow jones Fell by around 13% from the 23185 to the 20815 even if fed cut the rates by 100 basis points. This fall was due to the economy heading into an impending recession.

1.b. The 10 year treasury yield fell from .94% on the friday to .73% on the monday .

The 3 months treasury yield fell from .287% on the friday to .124% on the Monday.

4 0
3 years ago
Other questions:
  • What is a beneficiary? Question 50 options: The person who files insurance claims on your behalf The person who determines wheth
    8·1 answer
  • Calip Corporation, a merchandising company, reported the following results for October: Sales $427,000 Cost of goods sold (all v
    15·1 answer
  • How can these retailers improve productivity?
    14·1 answer
  • Which of the following statements about roles within groups is true?A. Roles are shared beliefs of how various individuals shoul
    8·1 answer
  • Please explain what is the difference between a change in demand versus a change in quantity demanded? Why is it so important to
    6·1 answer
  • $1,621,000 and will produce $307,000 per year in years 5 through 15 and $570,000 per year in years 16 through 25. The U.S. gold
    8·1 answer
  • A municipal dealer quotes a 2 year, 8% term revenue bond at 106. The yield to maturity is:________
    15·1 answer
  • Suppose that Dr. Reilly owns a medical clinic and enters into a contract to buy 500 tablets of Gensol from Pharzime. The Gensol
    5·1 answer
  • Una empresa que cuenta con 48 trabajadores se dice que es una empresa
    8·1 answer
  • Who will win the fight tomorrow jake paul or ben askren <br> winner gets brainlest
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!