You deposit $870 into a savings account that pays 3.7% interest compounded
1 answer:
Answer:
$970. 19
Step-by-step explanation:
Using the compound interest formula Accrued Amount = P (1 + r)^t
where Accrued amount is to be determined
P = principal; $870
r = 3.7% = 0.037
t = number of years = 3
Therefore
Accrued amount = 870 (1 + 0.037)^3
Accrued amount = 870 x 1.037^3
= 870 x 1.1152
= 970. 19
Hence balance of the account at the end of 3 years is $970. 19
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Hope this helps!
:)
I believe this is it.
x is Coleman's test grade.
x/2 +27 = 67 Now solve for x
-27 -27
x/2=40
*2 *2
x=80
Coleman's Test Score was 80.
