Answer:
$29.4
Step-by-step explanation:
I assume the question is based on simple interest since you didn't specify
Using simple interest
Simple interest=P×R×T
Where,
P=principal=$1470
R=interest rate=4%=0.04
T=time=6 months=0.5 year
Simple interest=P×R×T
=1470×0.04×0.5
=29.4
Interest earned=$29.4
Answer:
D)
Step-by-step explanation:
The last graph best represents the function.
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The answer is 3.25 hundredths your welcome and thank you for letting me answer your answer bye.
Answer:
Part A)
Part B)
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
S is the Future Value
P is the Present Value
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
Part A)
in this problem we have
Part B) How much money will Marcus have in the account in 7 years?
we have
substitute in the formula above