Let's say Jose deposited $2,700 into a CD account with an Annual Percentage Rate
1 answer:
Answer:
$3283.2
Step-by-step explanation:
Given data
Principal= $2700
Rate= 4%
Time= 5 years
Required
the final Amount A
The compound interest formula is
A=P(1+r)^t
Substitute
A=2700(1+0.04)^5
A=2700(1.04)^5
A=2700*1.216
A=$3283.2
Hence the balance in the account after 5 years is $3283.2
You might be interested in
Answer:
c) 0
Step-by-step explanation:
m= slope
m= (y2 -y1)/(x2-x1)
we have the points:
(12,6) and (-1,6)
x1= 12 y1= 6
x2= -1 y2= 6
so we have:
m= (6-6)/( -1 -12)
m= 0/ -13
m= 0
You are correct with that answer
Answer:
22 4/5 yards
Step-by-step explanation:
(7 3/5) x 3 = 22 4/5
Answer:
12 dollars
Step-by-step explanation:
29+12=41 or 12-49=29
Answer:
18 x 348 = 6,264.
Sofia's grandfather has 6,264 candies in total.
