Logan opened a savings account 21 years ago with a deposit of $3,471.52. The account has an interest rate of 3.1% compounded mon
thly. How much interest has Logan earned?
1 answer:
P = $3,471.52, the principal
r = 3.1% = 0.031, annual ratr
n = 12, monthly compounding
t = 21 years
Note that n*t = 252.
The value after 21 years is
A = 3471.52*(1 + 0.031/12)²⁵²
= $6,650.91
The interest earned is
6650.91 - 3471.52 = 3179.39
Answer: $3,179.39
You might be interested in
Answer:
-19
Step-by-step explanation:
3y+4-6=-21
3y+4-4-6=-21-4
3y-6=-25
3y-6+6=-25+6
3y=-19
-19 rounded to the nearest hundredth is still -19
Answer:brainliest plsssss
Step-by-step explanation:
1/2x+15=x
X+30=2x
30=2x-x
30=x
Number of girls in class
30-12=18
☆ the number of girls in his class are 18
1/4 + 1/3 + 1/6 + 1/8 + 1/8
Must have same denominators
6/24 + 8/24 + 4/24 + 3/24(2)
Answer: 1
The answer will be <span>x + y = 6 </span>
Answer:
the answers is 3 over 2 in fraction form
