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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The equation would be like this:
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Answer:
<h2>0</h2>
Step-by-step explanation:
The answer is 0.690129 hope this helps:)
Answer:
1) Congruent
2) Supplementary
3) Congruent
4) Congruent
Step-by-step explanation:
1) The Alternate Interior Angles Theorem states that, when two parallel lines are cut by a transversal , the resulting alternate interior angles are congruent .
2) Formally, we can say that if two lines are parallel, then consecutive interior angles are supplementary. We refer to this as the consecutive interior angles postulate.
3) When the lines are parallel, the corresponding angles are congruent . When two lines are cut by a transversal, the pairs of angles on one side of the transversal and inside the two lines are called the consecutive interior angles.
4) The Alternate Exterior Angles Theorem states that, when two parallel lines are cut by a transversal , the resulting alternate exterior angles are congruent.