keeponbelieving1 keeponbelieving1

01-07-2016
Mathematics

contestada

$1, 000 after 2 years at an interest rate of 3.0% is $ round up to the nearest cent

Respuesta :

meerkat18 meerkat18

01-07-2016

This may be a simple interest computation.

Simple Interest = Principal * interest rate * term

Principal = 1,000
interest rate = 3%
term = 2 years

Simple Interest = 1,000 * 0.03 * 2
Simple Interest = 60

Total Amount after 2 years: 1,000 + 60 = 1,060

Answer Link

Otras preguntas

Which of the following best describes the way that abbey presents his ideas in this passage?

The study of the effect drugs have on behavior and mental processes is called

Find f(x) if it is known that f(3k)=3k+7.

A quadratic function models the graph of a parabola. The quadratic functions, and , are modeled in the graphs of the parabolas shown below

You backpacked for a distance of 15.75 miles today. If you backpacked at an average speed of 1.26 miles per hour, how many hours did you spend backpacking today

You backpacked for a distance of 15.75 miles today. If you backpacked at an average speed of 1.26 miles per hour, how many hours did you spend backpacking today

Which Enlightenment idea is reflected in the Declaration of Independence? A)colonialism as an institution violated American Indians natural rights. B)raising ta

Would someone please help me with my French? Thank you! Read the question and select the correct answer 12: a) les b) en c) des 13: a) y b) le

HI :) I NEED HELP PLEASE BEFORE 12 AM

A system of measurement that uses multiples and sub-multiples of ten is known as a ___________ system of measurement.