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
UNO [17]
2 years ago
14

Cameron has decided to diversify his investments in the following way: $3,000 in an account earning 2. 7% simple interest $5,000

in a savings account earning 1. 8% interest compounded annually $5,000 in a certificate of deposit earning 3. 9% interest compounded quarterly How much total interest will Cameron earn on his investments at the end of 3 years? a. $530. 87 b. $665. 57 c. $973. 30 d. $1,135. 30 Please select the best answer from the choices provided A B C D.
Business
1 answer:
Rudiy272 years ago
8 0

His total interest after three years is $1,135. 30.

<h3>What is interest?</h3>

Interest refers to money that is received in an investment or a loan. It is always a percentage of the principal sum.

For the first investment;

I = PRT/100 = $3,000 × 2.7  × 3/100 = $243

For the second investment;

A = P(1 + r/n)^nt

A = 5000(1 + 0.018)^3

A = $5275

I = $5275 - $5000 = $275

For the third investment

A = 5,000(1 + 0.00975)^(4 × 3)

A = $5617

I = $5617 - $5,000 = $617

Total interest = $617 + $275 + $243 = $1,135. 30

Learn more about compound interest:brainly.com/question/25857212

You might be interested in
He commenced business with Rs 60000 cash and goods worth Rs 20000 .(Journal entries) ​
vitfil [10]

Answer:

extra Rs 40000 remaining after subtracting 20000 from

60000,the reminder is 40000.

plus what's the question i just guessed the question,cause the was no visible Q!

8 0
3 years ago
The product deletion process is similar to the ____ step of the new-product development process because both involve deciding wh
saul85 [17]

Answer:

e. Business analysis

Explanation:

Based on the description being made within the question it can be said that this process is similar to the Business analysis step. This step focuses on identifying the product needs and determining the best position and solution to different product/business related problems. Many factors such as sales, costs, and profits are taken into account during this step in order to make the best decisions possible.

4 0
3 years ago
Help
Kipish [7]

Answer:

a 50 year d for sure

Explanation:

I would say B

8 0
2 years ago
The entry to establish a petty cash fund includes:___________
guapka [62]

Answer:

c) a debit to Petty Cash and a credit to Cash.

Explanation:

According to the golden rule of double of entry that a giver should be credited while a receiver is debited, the cash account is the giver in this case would be credited while the receiver,the petty cash account would be debited on the other hand.

The correct option which corroborates my explain above is option C.

Option A is wrong because the reverse was the case.

7 0
2 years ago
Which is not the application of ahp?
Genrish500 [490]

C. stock market prediction is not the application of ahp.

A stock market forecast is an attempt to determine the future value of a company's stock or other financial instruments traded on a stock exchange. Correctly predicting the future price of stocks can be very profitable.

A stock market forecast is an attempt to predict the future value of individual stocks, particular sectors, markets, or the market as a whole. These forecasts typically use fundamental analysis of companies and economies, technical analysis of charts, or a combination of both.

Learn more about stock market prediction here: brainly.com/question/690070

#SPJ4

7 0
1 year ago
Other questions:
  • The ______ operator always follows the cin object, and the ______ operator follows the cout 44 object.
    11·1 answer
  • Ultimate Sportswear has $100,000 of 8% noncumulative,nonparticipating,preferred stock outstanding.Ultimate Sportswear also has $
    10·1 answer
  • JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,200,000. JRE2 recognizes revenue upon contract c
    11·1 answer
  • What is the factorization of the trinomial below?
    10·1 answer
  • The corporations whose stock can be bought and sold on stock exchanges and in over-the-counter markets are referred to as_______
    13·1 answer
  • Brian has just finished college. He wants to set up a small business to make and sell fireworks. He registers his company and ac
    5·2 answers
  • Richard created an advertisement that included a scientific explanation of how clothes are cleaned beside the image of washing m
    14·2 answers
  • A manufacturer uses activity-based costing to assign overhead costs to products. Budgeted cost information for selected activiti
    13·1 answer
  • You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: (Ro
    7·2 answers
  • उत्तर प्रदेश कि राजधानी कहा है​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!