denversatterfield69 denversatterfield69
  • 14-06-2021
  • Mathematics
contestada

You deposit $3000 in a bank account that pays 4% annual interest. Find the balance after 7 years if the interest is compounded quarterly.​

Respuesta :

oceaniajohnson6 oceaniajohnson6
  • 14-06-2021

Answer:

$3840.

Step-by-step explanation:

First, write down the formula: I= PRT (Interest= Principle, rate, time). Then you multiply all of the numbers (3000x0.04x7). You get 840, but then you need to add it to the $3000 which already exist, therefor you get your answer of $3840.

Answer Link

Otras preguntas

will mark brainliest! find the measures of the complement and the supplement of angle with a measure of 60 degrees a. complement 150 supplement 260b. complemen
Help me please everyone
select the particle or particles that account for more than 99.99% of the mass of atoms other than hydrogen​
Each equation given below describes a parabola. Which statement best compares their graphs? x=2y^2 x=8y^2 A. Both parabolas open upward, and x=2y^2 is wider
2 fewer than 5 means what
the measures of two of the angles of triangle abc are 47° and 43°. a third measurement is required in order for triangle ABC to be a unique triangle. which of t
Why was it important for the us to defeat japan at the battle of midway
sandeep has twice as much as sonia. together they have rs 150. how much does sonia have
Identify the unit rate in the graph. A) 125 B) 75 C) 50 D) 25
given that f(x) = x squared + 3x + 6 and g(x) = x - 3 / 2 , solve for f(g(x)) when x = 1