7432991 7432991
  • 03-05-2018
  • Mathematics
contestada

You deposit $3000 in an account that pays 5% annual interest. What is the balance after 2 years?

Respuesta :

theweeknd14
theweeknd14 theweeknd14
  • 03-05-2018
5 / 100 = .05
3000(1.05)^2

The answer is $3307.50

Hope this helps :)
Answer Link

Otras preguntas

The chemical formula for the ionic compound formed when elements of ca and n react is a. can. b. ca2n3. c. ca3n2. d. ca5n2.
-12x=-75-11y -5x=-89-11y
Which character is described in these lines? Themselves they beheld me When I came from the contest, when covered with gore Foes I escaped from, where five I h
What advantages did the British have over the Americans in the War for Independence?
in this particular arithmetic sequence, a6 = 36 and a17 = 113. what is the value of a23 a23=101 a23=155 a23=162 a23=167
The average score on a standardized test is 750 points with a standard deviation of 50 points. What is the probability that a student scores more than 700 on th
A 4 kg block slides down a rough inclined plane inclined at 30° 179009.GIF with the horizontal. Determine the coefficient of kinetic friction between the block
Money has a predetermined value. This means that it serves as A. a store of value. B. a unit of account. C. a medium of exchange. D. a commodity.
Convert the following temperatures using the appropriate formulas. Round to tenths as appropriate. 35° F = _________
Studying the plot elements in "A Pair of Silk Stockings," you might reasonably conclude that the essence of her story A. reflects the despair