sally deposited $4,000 in a certificate of deposit that paid 2.75% interest compounded annually. what was her balance after one
year
1 answer:
Answer:
$4,110
Step-by-step explanation:
In compound interest, Future Value formula is;
FV = PV (1+r)^n
PV= amount deposited in present value terms = $4,000
r = interest rate = 2.75% or 0.0275 as a decimal
n= total duration of investment = 1
FV = 4000*(1+0.0275)^1
FV = 4000*(1.0275)^1
FV = 4000 *1.0275
FV = $4,110
Therefore, her balance will be $4,110
You might be interested in
Answer:
27
Step-by-step explanation:
3x3+2x9=27
-z³ + 5k^6 + z³ -10k^6
(-z³ cancels out with z³)
5k^6 -10k^6
(then subtract)
Answer is -5k^6
Answer:
hi
Step-by-step explanation:
have a nice day
Answer: sin(x) / cos(x)
Step-by-step explanation: This is just a trigonometric identity you should have memorized :)
the slope is -4, so B is the answer.
