2 years ago

Paula has $3,281 in a savings account that earns 8% interest, compounded annually.

Mathematics

1 answer:

olga nikolaevna [1]2 years ago

8 0

Answer:

$262.48

Step-by-step explanation:

Given:

Saving amount P = $3281
Interest rate r = 8% or 0.08
Compound number n = 1
Time t = 1 year

Find the total amount in 1 year:

$I = P(1 + r/n)^{nt}-P$ $I = 3281*(1 + 0.08/1)^{1*1} -3281 = 3281*1.08 - 3281= 3281*0.08=262.48$

You might be interested in

Rewrite without parenthesis and simplify (y+6)^2

GarryVolchara [31]

Y^2+36, because you square y and 6

4 0

3 years ago

Read 2 more answers

2(n+5)=-2 step by step plz

Elodia [21]

Answer:

n=-6

Step-by-step explanation:

2(n+5)=-2

distribute

2(n+5)

2xn 2x5

2n+10

2n+10=-2

subtract 10 from both sides

10-10=0

-2-10=-12

2n=-12

divide each side by 2

2n/2=n

-12/2=-6

n=-6

6 0

2 years ago

I need to know what the answer is? is it x,y,z,or w?

andrew-mc [135]

Answer:

Step-by-step explanation:

5 0

2 years ago

a bag contains only red and blue counters. there are 6 more red than blue a counter is chosen at random. the probability is 1/4.

xxMikexx [17]

Answer:

Avoid guessing or choosing an answer you are unsure of. Remember, you’ll only get the extra points if you give the correct answer.

Step-by-step explanation:

4 0

2 years ago

in 2002, a 30 second commercial during super bowl cost an average of 1,900,000. At this rate, how much would a 45 second commerc

kotegsom [21]

This is a unit multiplier of sorts

1,900,000 x 45/30

Simplify

1,900,000 x 3/2

2,850,000

3 0

3 years ago

Read 2 more answers