The total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
<h3>What is invested amount?</h3>
An investment is a payment made to acquire the securities of other firms with the intention of making a profit.
We are assuming the interest will be compounded annually
Where A = Final amount
P = Principal amount
r = annual rate of interest
n = how many times interest is compounded per year
t = How long the money is deposited or borrowed (in years)
We have:
P = $7000
r = 3% = 0.03
t = 10 years
n = 1
After calculating:
A = $9407.41
I = A - P = 9407.41 - 7000 = $2,407.41
Thus, the total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
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Answer:
X=13
Step-by-step explanation:
So if ΔABC ≅ ΔDEC, then that means that ∠B is ≅ ∠E. Therefore you would write the equation 3x=6x-39 and solve for X to get 13.
The product of −3 1/4 and −1 1/2 as a mixed number is .
The product of −3 1/4 and −1 1/2 as a simplified form is
<h3>What is products and mixed numbers?</h3>
Thew products between two terms can be described as the multiplication operation of the the two terms to give a term which is been performed by the use of the operation sign (*) between the two terms.
The mixed number can be defined as the numbers that contains whole numbers as well as the denominators and numerator.
It should be noted that the product of −3 1/4 and −1 1/2 can be done as (
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Step-by-step explanation:
The area = 3 × 10 = 30
The perimeter = 2(3 + 10) = 26
please give me a brainliest answer
Answer:
the answer would be 4 because you multiply