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
patriot [66]
2 years ago
5

If 2000 dollars is invested in a bank account at an interest rate of 6 percent per year, find the amount in the bank after 7 yea

rs if the interest is compounded monthly
Mathematics
1 answer:
AfilCa [17]2 years ago
6 0

Answer:

$3007.26

Step-by-step explanation:

Step one:

given data

Principal= $2000

rate= 6%= 0.06

time= 7years

Required:

The final amount A

Step two:

the expression for the compound interest is

A= P(1+r)^t

substituting we have

A= 2000(1+0.06)^7\\\\A= 2000(1.06)^7\\\\A=2000*1.50363\\\\A=3007.26

You might be interested in
Find the LCM of a(a+b)-b(b+c)-c(a+c) and c(b+c)-a(a+c)<br>​
mash [69]

Answer:

I know what you're asking you are asking to find the least common multiple. However all I can find is the GCF which is 1

Step-by-step explanation:

5 0
3 years ago
Which triangle could be drown as it is described? DUE TONIGHT HELP PLZZZZZZ!!!!​
Sindrei [870]
I believe it is an acute triangle
but I also am confused on this one
5 0
3 years ago
Pls help i will give brainliest:
kobusy [5.1K]

Answer:

Its D

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
PLEASE HELP ME!! I WILL GIVE YOU BRAINLIEST AND 50 POINTS!! AND DON'T JUST PUT YES, NO AND THEN NUMBERS, *USE COMPLETE SENTENCES
viva [34]

Answer:

John Muir

John Muir was an American naturalist born in Scotland on April 21, 1838. Step-by-step explanation:

8 0
2 years ago
How is a net useful when finding the surface area of prisms and pyramids?
Sladkaya [172]
I believe it is because with a net you simply find the area, and measuring 2D shapes is far easier than 3D shapes.
Hope this helped!
- Z
5 0
2 years ago
Other questions:
  • For ΔABC, ∠A = 2x - 2, ∠B = 2x + 2, and ∠C = 5x. If ΔABC undergoes a dilation by a scale factor of 1 2 to create ΔA'B'C' with ∠A
    9·2 answers
  • 18k+26-8k=86 <br><br> I’m confused
    9·2 answers
  • Apply the formula of each shape to determine the
    10·1 answer
  • What is the answer?
    12·1 answer
  • 3. You and your friends were playing basketball last week. You were short a
    13·1 answer
  • 5y - 4x = -7<br> 2y + 4x = 14<br> Solve the system of equation
    14·1 answer
  • Ms. Parker baked 6 dozen cookies. She gave 2 dozen cookies to her sister,
    9·2 answers
  • Will Give Brainly if correct
    9·1 answer
  • What is 162 multiplied by 0.967
    12·2 answers
  • Help me solve equations <br> 2=2+g/4
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!