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2 years ago

You have invested $2000 at 3.75% annual interest. How much money do you have after 20 years?

Mathematics

1 answer:

lbvjy [14]2 years ago

6 0

Answer:

$3500

Step-by-step explanation:

Let's use PRT/100 to see what will be the total amount.

Total amount = Interest + Principle

Solution:

PRT/100 = Interest
=> 2000 x 3.75 x 20 years/100
=> 20 x 3.75 x 20 = Interest
=> 2 x 2 x 375 = Interest
=> 4 x 375 = Interest
=> 1500 = Interest
=> Total amount = 1500 + 2000
=> Total amount = $3500

Hence, after 20 years, the amount earned is $3500.

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Step-by-step explanation:

Let u=arcsin(0.4)

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Plug in values:

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Don't forget about the parenthesis if you go with the second option.

==================================================

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