John deposited $2860 in a bank that pays 9% interest, compounded monthly. find the amount he will have at the end of 3 years ?

Mathematics

2 answers:

Serga [27]3 years ago

5 0

Answer: 3742.73

Step-by-step explanation:

7nadin3 [17]3 years ago

4 0

To find that you first need to find what 9% is. You can multiply the number, 2,860 by .09 to find out your answer. That should be equal to 257.40. Since you now have that number, you can multiply it by 36. 257.40 is your average per month and you want to know by 3 years. So then your next step is 257.4*36 (there is 36 months in 3 years) which should be equal to 9,266.40.

You might be interested in

2. Graph x < 8 and x > -1.

dimulka [17.4K]

Answer:

I'll try my best in explaining the steps.

Considering both signs are greater than and less than sign, its an open circle.

For the first equation, you would have an open circle, basically one that isn't colored in, on 8 on the number line. The arrow would be pointing to the left because the equation is telling us numbers that are less than 8.

For the second equation, you would have an open circle, basically one that isn't colored in, on -1 on the number line. The arrow would be pointing to the right because the equation is telling us numbers that are greater than -1.

Step-by-step explanation: