3 years ago

You put $200 in a savings account. The account earns 2% simple interest per year.

Mathematics

1 answer:

RideAnS [48]3 years ago

3 0

Answer: A. $1020 not sure bout b srry

Step-by-step explanation:

You might be interested in

How much would $200 invested at 5% interest compounded monthly be worth after 9years? Round your answer to the nearest cent

Feliz [49]

Answer:

$311.20

Step-by-step explanation:

Here we are required to use the Compound interest formula for finding the Amount at the end of 9th year

The formula is given as

$A=P(1+\frac{r}{n})^{tn}$

Where ,

A is the final amount

P is the initial amount = $200

r is the rate of interest = 5% annual = 0.05

n is the frequency of compounding in a year ( Here it is compounding monthly) = 12

t is the time period = 9

Now we substitute all these values in the formula and solve for A

$A=200(1+\frac{0.05}{12})^{9\times 12}$

$A=200(1+0.00416)^{108}$

$A=200(1.00416)^{108}$

$A=200 \times 1.556$

$A=311.20$

Hence the amount after 9 years will be $311.20

4 0

3 years ago

Please help me on this thank you all

Blababa [14]

First order the numbers from least to greatest then cross out the numbers until you get to the middle one which is 18 ft. Hope this helped

5 0

3 years ago

Sam sells two notebooks for $3.50 each and a pen for $3. He earns a profit of $1. Sam's profit represents what percent of the to

ale4655 [162]

2x 3.50 = $7 notebook sale 1x 3.00 = $3 pen sale Total sale = $10.00 less $1.00 profit To find percentage of profit $1.00/$10.00 = .10 or 10%

3 0

3 years ago

What is 5.000 grams to the nearest whole grams?

maw [93]

Answer:

5 g

Step-by-step explanation:

5 0

4 years ago

Read 2 more answers

What is 8z - 22 = 3(3z + 11) - z

Masja [62]

8z-22=3(3z+11)-z
9z-22=9z+33
-22=33
or
0=55
either way no solution

6 0

3 years ago