Caleb invested $1400 in an account that pays 4% interest compounded annually.
1 answer:
Answer:
$1842.30
Step-by-step explanation:
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 4/100
r = 0.04 rate per year,
Then solve the equation for A
A = P(1 + r/n)^nt
A = 1,400.00(1 + 0.04/1)^(1)^(7)
A = 1,400.00(1 + 0.04)^(7)
A = $1,842.30
You might be interested in
Answer: (x + 1) ( x + 4)
Step-by-step explanation:
There are 87 men
3 is the male ratio
You add all the ratios
3+4+5=12
3/12×348
=87
Answer:
No
Step-by-step explanation:
Volume = Area x Height. We are given Volume and Area, so plug in and solve for Height (Height = Volume/Area)
18in^3 = 4.5 in^2 x Height (divide both sides by 4.5) -> 4in = Height
Answer:
X= 3
Step-by-step explanation:
If you divide -12 and -4 the product is 3
