Answer:
there will be 408$ at the end of 18 months
Step-by-step explanation:
2% of 300 is 6 and 6 x 18 = 108. 108 + 300 = 408
Answer:57
Step-by-step explanation:
Answer:
Step-by-step explanation:
y2-y1/x2-x1
-1-(-4)/3-7
3/-4
y=mx+b
For the y coordinate it can be either -4,or -1
-4=3/-4x+b
b=13/4
Given that Amistad deposited $2,163.27 in a savings account that earns 3.9% simple interest.
That means we need to use Simple interest formula to find the Amistad's account balance in nine months.
Simple interest formula is
A=P(1+RT)
Where P= principal amount = $2163.27
R= rate of interest = 3.9%= 0.039
T= time in years = 9 months = 9/12 years = 0.75
Now plug these values into above formula:
A=2163.27(1+0.039* 0.75)
A=2163.27(1+0.02925)
A=2163.27(1.02925)
A=2226.5456475
Hence Amistad's account balance in nine months will be approx $2226.55