Tarmarra21 Tarmarra21

03-06-2017
Mathematics

contestada

A principal of $900 is invested in an account at 8% per year simple interest. What is the total amount of money in the account after 5 years?

A principal of 900 is invested in an account at 8 per year simple interest What is the total amount of money in the account after 5 years class=

Respuesta :

Aliwohaish12 Aliwohaish12

03-06-2017

Hi there
The formula is
A=p (1+rt)
A future value?
P present value 900
R interest rate 0.08
T time 5 years

A=900×(1+0.08×5)
A=1,260

Hope it helps

Answer Link

Otras preguntas

In a food chain, assume worms → bluebirds → hawks. What would happen to the worm population if bluebirds became extinct? a. The worm population would increase i

The infamous offshore oil disaster that occurred with the Valdez happened near the state of _____. a. California b. Oregon c. Washington d. Alaska

what represents the opposite of the opposite of 8 1/4

Choose the analogy below with the same relationship as - Glove is to Hand a. Hand is to glove b. Wall is to paint c. Shoe is to Hand d. Head is to Toe and I kno

In a food chain, assume worms → bluebirds → hawks. What would happen to the worm population if bluebirds became extinct? a. The worm population would increase i

This line from Frankenstein by Mary Shelley: I had gazed on him while unfinished; he was ugly then, but when those muscles and joints were rendered capable of m

What two European unions set the stage for the European Union? a. NATO and the European exchequer b. the Marshall Plan and COMECON c. the Warsaw Pact and NAFTA

How is the beggar Odysseus treated by the suitors? a. He is permitted into the dining hall, but is not allowed to have any food or drink. b. He is laughed at, r

What was one reason the league of nations failed? A. t did not establish rules or structure to maintain harmony. B. ince every country became a member, confli

The Free World consisted of nations that opposed communism, of which __________ was by far the strongest. a. the United States b. the Soviet Union c. China d. G