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
ad-work [718]
3 years ago
12

Susan opened a savings account with $750 at 2.9 percent annual interest. If she keeps the money in the account for 2 years, what

is the total amount in the account?
Business
1 answer:
Andrews [41]3 years ago
7 0

Answer:

The answer is $793.50

Explanation:

To solve this, we will use the annual interest formula for simple interest, which is:

A = P(1 + <em>rt</em>)

Where:

  • A is the final amount including principal
  • P is the principal amount = $750
  • <em>r</em> is the rate per year = 2.9% or 0.029 (that is 2.9 divided by 100)
  • <em>t</em> is the number of years = 2 years

Next, we input these into the equation as follows:

A = 750(1 + 0.029 x 2)

A = 750(1 + 0.058)

A = 750(1.058)

A = 793.5

Therefore, Susan earns $793.50

You might be interested in
how does the IoT and Big Data currently play into your job, your organization and the industry? Are these two things connected a
emmainna [20.7K]

<u>Explanation:</u>

The term IoT is an acronym for 'Internet of Things' which refers to a modern technology that allows certain physical objects or “things” as we may call it to connect to the internet.

While Big Data refers not just to large data, but to an innovative field of technology that specializes in analyzing very large (big) data sets.

Consider the education industry, by means of IoT, it is possible for school management to effectively track their student's academic progress in real-time.

IoT and Big Data connected in the sense that, as these physical things (objects) communicate over the internet, a mass amount of data ("Big Data") is been generated which could then be analyzed using specialized software. In other words, they are mutually beneficial.

4 0
3 years ago
You’re a bright, female investment analyst about to give a major presentation to a group of bankers supporting a corporate acqui
Ivanshal [37]

Explanation:

In this case, the ideal is to reject a task that is not mandatory in your contract. The boss's attitude in this situation was somewhat sexist, as it reduced the professional skills of a female investment analyst to having to be liked and serving coffee to bankers, since the professional was there to make a great professional presentation.

These unprofessional attitudes can be combated with an assertive attitude, without the professional feeling cornered by the possibility of suffering reprisals, but it is by maintaining an ethical, professional attitude and imposing respect, that it is possible for such unethical acts to be combated and not accepted any more. formal work environment.

7 0
2 years ago
Witch type of group discussion requires a lot of active participation from the audience?
BARSIC [14]

Class participation

7 0
3 years ago
Read 2 more answers
Economic growth is _____.
erica [24]

economic growth can result from a(n) _____ in government expenditures and a(n) _____ in net exports.

5 0
3 years ago
holdup bank has an issue of prefered stock witha standard deviation of $7 that just sold for $87 per share. What is the banks co
alisha [4.7K]

Answer: 8.05%

Explanation:

From the question, we are informed that Holdup bank has an issue of prefered stock witha stated dividend of $7 that just sold for $87 per share.

The banks cost of prefered will be:

= Dividend / Stock value

= 7/87

= 0.0805

= 8.05%

6 0
2 years ago
Other questions:
  • Acme Corporation (Scenario) Acme Corporation's management feels that employees could be more motivated by their jobs. The jobs w
    14·1 answer
  • A recession has traditionally been defined as a period during which Group of answer choices a. nominal GDP declines for four con
    8·1 answer
  • The minutes of the Safety Team's April meeting including a header with the meeting name and date. They also include an opening,
    5·2 answers
  • Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the patent on a straight
    7·1 answer
  • At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Ba
    14·1 answer
  • Alto Company issued 7% preferred stock with a $100 par value. This means that: Multiple Choice Only 7% of the total paid-in capi
    6·1 answer
  • An increase in savings by Americans (2 points) Question 7 options: 1) would most likely increase the supply of loanable funds.
    6·1 answer
  • When Coca-Cola creates a website within its website called MyCoke where consumers can create a profile, and exchange thoughts, i
    5·1 answer
  • as firms progress through the stages of becoming more internationalised and increase their international activities, their ihrm
    14·1 answer
  • The​ product/market expansion grid is a tool that allows marketers to identify growth opportunities. Of the​ following, which re
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!