kaylee5569 kaylee5569
  • 11-04-2021
  • Mathematics
contestada

Find the balance in the account.
4. $3,900 principal earning 2%, compounded annually, after 3 years

Respuesta :

fatimamalhi00
fatimamalhi00 fatimamalhi00
  • 11-04-2021

Answer:

$4138.7

Step-by-step explanation:

P= $3,900

R= 2%

T or n= 3 years

compounded anually (yearly) so:

A= P(1+[tex]\frac{R}{100}^n[/tex])

A= 3900(1+[tex]\frac{2}{100}^3[/tex])

A= $4138.7

Answer Link

Otras preguntas

A discounted concert ticket costs $14.50 less than the original price p. You pay $53 for a discounted ticket. Write and solve an equation to find the original p
Why can't the intercepts, on their own, be used to graph the relation 5x + 9y = 0?
which of the following most inspired the inclusion in the Declaration of Independence of the right of the people to revolt against a tyranical government
list 5 types of action energy and 4 types of potential energy
A piece of string 25 1/2 inches long will be cut into 3/4 pieces. How many pieces will there be?
deforestation, acid rain, and the greenhouse effect are major world problems that indicate a need for 1.cooperation between nations to reduce pollution and envi
Find the slope of the parallel to each given line. 1) y=2/3x-2 2)y=9/5x-5 Find the slope of a line perpendicular to each given line 1)y=-1/2x-2 2)y=-x-1
what is four times a age decreased by 3 is equal to 3 times the age increased by 7. what is the age
what is four times a age decreased by 3 is equal to 3 times the age increased by 7. what is the age
what is four times a age decreased by 3 is equal to 3 times the age increased by 7. what is the age