BluSeaa
BluSeaa BluSeaa
  • 01-06-2020
  • Mathematics
contestada

Correct answers only please!

Correct answers only please class=

Respuesta :

jimthompson5910 jimthompson5910
  • 01-06-2020

p = 7000 is the amount deposited, aka the principal

r = 0.15 is the decimal form of 15% interest rate

t = 2 is the number of years the money sits in the account

--------------

B = p*(1+r)^t

B = 7000*(1+0.15)^2

B = 7000*(1.15)^2

B = 7000*(1.3225)

B = 9257.50

Subtract off the deposited amount to get the interest earned

i = B - p = 9257.50 - 7000 = 2257.50

Answer: 2257.50

Answer Link

Otras preguntas

A movie collector has 105 movie posters and 90 band posters if she sells 21 movie posters then how many band posters should she sell to maintain the same ratio
All living things require free energy. All but one statement describes how a group of organisms acquire free energy. That is A) Photosynthetic organisms acquire
How do I find unit price
Fine the slope of a line that passes through (-2,-3) and (1,-1)
what is the purpose of Andrew Jackson’s message to congress “On Indian Removal”?
what is the GCF of 12y-8
4. After the website is published, who has the responsibility updating dead links and removing unused pages?
How many moles of hno3 are in 750ml of 0.25m hno3
What type of energy conversion results when friction slows down a ball rolling across the floor
I need HELP ASAP!!!!! PLEASE THIS WILL HIM ME SOOOO MUCH