ahsanahmad920 ahsanahmad920

24-07-2017
Mathematics

contestada

How much money will be in a bank account after 9 years if $7 is deposited at an interest rate of 5% compounded annually?

Respuesta :

Aliwohaish12 Aliwohaish12

24-07-2017

The formula is
A=p (1+r)^t
A future value?
P present value 7
R interest rate 0.05
T time 9 years
A=7×(1+0.05)^(9)
A=10.86

Answer Link

Otras preguntas

At the end of World War I, which of the following caused the greatest damage to President Wilson’s legacy?

How many moles of ethyl alcohol, C2H6O, are in a 37.0 g sample?

Which era saw the emergence of dinosaurs?

Which of the following statements is true of nondisjunction? A. Nondisjunction means “not coming apart.” B. Nondisjunction is caused by chromosome pairs that f

In what way are urban renewal and city planning alike? A. They both try to address the problems of cities. B. They both attempt to stop the modernization of soc

what can you do to promote Americanism and love of our country?

The United States Constitution is a finely crafted document that was written to last, for the sake of _____________

Last month Dory biked 11 times as many miles as Karly. Together they biked a total of 156 miles. How many miles did Dory bike last month?

solve this inequality 8z+3-2z<51

A 36 gram sample of water has an initial temperature of 22 degrees Celsius after the sample absorbs 1200joules of heat energy the final temperature of the sampl