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
horsena [70]
3 years ago
15

Three years ago, you invested $3,350.00. Today, it is worth $4,100.00. What rate of interest did you earn

Business
1 answer:
Anastasy [175]3 years ago
7 0

Answer:

6.97%

Explanation:

the formula to be used is

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

$4,100.00 = $3,350.00 x ( 1 + r)^3

divide both sides of the equation by $3,350.00

$4,100.00 / $3,350.00 = ( 1 + r)^3

1.223881 = ( 1 + r)^3

find the cube root of both sides

1.069661 = 1 + r

r = 6.97%

You might be interested in
In studying problem solving behavior in kittens, Thorndike used which term to describe behaviors they displayed to escape an enc
Alexus [3.1K]

Answer:

The answer is Instrumental behavior. It is an action performed to reach a goal, such as to obtain a food item, achieve some other kind of reward, or remove a punishment; the behavior causes the desired outcome. Problem-solving is a subset of instrumental behavior, invoked when a direct action (such as reaching for an object) cannot achieve the goal and an indirect approach must be used (such as opening a container to get the object). To paraphrase Thorndike, a problem exists when the goal that is sought is not directly attainable by the performance of a simple act available in the animal's repertoire.

Explanation:

6 0
3 years ago
What is an example of print advertising? A. a web banner B. a radio commercial C. a t-shirt D. a poster
Fed [463]
D. a poster
Although 'A' could also be used as an example, it isn't exactly print advertising in its purest form.
7 0
3 years ago
C&s wholesale grocers and if you were cohen and had decided to announce the transition to self-managed teams, what would you
soldi70 [24.7K]
<span>Now we have decided to change our market strategy to one which has taken the form of team management. We have best decided to change from one overall manager to smaller, self managed teams which we believe will be better for the company and the productivity of the team and show overall improvement. We hope that we will have your continued support on this matter.</span>
8 0
3 years ago
Type: Item in a larger work (poem)
Fittoniya [83]

Answer: A. you always cite the last name first then the first name.

Explanation:

8 0
3 years ago
In production, what is a set factor, with no possibility of change?
Nuetrik [128]

Answer:C...fixed factor

Explanation:it is C because if something is fixed, then it shoouldnt change. kind of like a dog.

3 0
3 years ago
Other questions:
  • When Sewsavor developed a food delivery application, a majority of people started using and recommending the application. Howeve
    8·1 answer
  • In year 1, X Company recognized an impairment loss on the trade name for its beverage product, reducing the carrying value from
    13·1 answer
  • Your company introduced a new product one month ago. Since then, the Website has processed so many orders that the shipping and
    5·1 answer
  • Fiola is undergoing a special training session to understand the theory of relativity. Mark, Fiola's tutor, conducts the trainin
    6·1 answer
  • For marketing to occur, there must be two or more parties with unsatisfied needs. Dr. Pepper Snapple Group distributes Country T
    10·2 answers
  • Consolidation accounting:______
    8·1 answer
  • What was the initial problem in this case?
    8·1 answer
  • Can somebody plz help? ASAP
    9·1 answer
  • Explain how Nike came to that situation through its expansion strategy
    6·1 answer
  • You will not hurt your credit rating if you:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!