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
Serhud [2]
2 years ago
11

If you save $3,000 at an interest rate of

Mathematics
2 answers:
juin [17]2 years ago
7 0
Amount earned in compound interest = P(1 + r)^n; where P is the principal, r is the rate and n is the number of periods.

Amount = 3,000(1 + 14%)^6 = 3,000(1 + 0.14)^6 = 3,000(1.14)^6 = $6,584.91
satela [25.4K]2 years ago
3 0

Answer:  Option 'C' is correct.

Step-by-step explanation:

Since we have given that

Principal amount = $3000

Rate of interest = 14%

Time period = 6 years

As we know the formula for "Compound Interest " :

Amount=P(1+\frac{R}{100})^n\\\\Amount=3000(1+\frac{14}{100})^6\\\\Amount=3000(1+0.14)^6\\\\Amount=3000(1.14)^6\\\\Amount=3000\times 2.194\\\\Amount=\$6584.91

Hence, Option 'C' is correct.

You might be interested in
If 5/8 is multiplied by 4/5 will the product be greater than the two factors? Explain.
STALIN [3.7K]

Answer:

Step-by-step explanation:

4/5 is less than 1, so multiplying 5/8 by 4/5 results in a product smaller than the two factors.

6 0
2 years ago
The triangle and the rectangle below have the same area.
Setler [38]

Answer:

<h2>look at the photo...........................</h2>

7 0
2 years ago
The diameter of a circle measures 22 yd. What is the circumference of the circle?
luda_lava [24]

Answer:

69.08 yd

Step-by-step explanation:

7 0
3 years ago
Find the distance between -4.3 and 0.8 on a number line as a decimal
evablogger [386]

Answer:

5.1

Step-by-step explanation:

Add 4.3 to 0.8

6 0
3 years ago
Kevin from Pullman was offered a deal to write story problems for ST2 publishing Company. For every 5 he wrote he was paid $12.0
kari74 [83]

Answer:

34

Step-by-step explanation:

3 0
2 years ago
Other questions:
  • PLEASE HELP ASAP!!! (Directions: Find the surface area of the prism) #5.
    8·1 answer
  • Please help me with this for points
    10·1 answer
  • A wheel has a radius of 5 ft what is the minimum number of complete revolutions that the wheel must make it to roll at least a 1
    10·2 answers
  • CATHERINE'S MOTHER IS WRAPPING A BOX THAT IS 12 INCHES LONG X 8 INCHES WIDE X 10 INCHES IN HIGH. HOW MANY SQUARE INCHES OF WRAPP
    6·1 answer
  • I need helpn asap , i been on this for the longest
    14·2 answers
  • Which ratio does not belong with the other three?
    6·1 answer
  • Can someone explain and answer this
    13·1 answer
  • This is geometry. Please help explain this.
    10·1 answer
  • AVALIAÇÃO DIAGNÓSTICA
    10·1 answer
  • Which of the following is an equivalent expression to the expression a1/3 / a1/4
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!