Chon0eyej0aydir Chon0eyej0aydir

03-02-2017
Mathematics

contestada

If a man has $1,500 in the bank and the annual interest rate is 5%, how much money will he have in the bank after 1 year?

Respuesta :

apologiabiology apologiabiology

03-02-2017

I=PRT
interest=I
P=principal
R=rate in decimal
t=time in years

P=1500
T=1
R=5%=0.05

I=1500 times 0.05 times 1
I=75

interst is 75
total amount is 1500+75=$1575 total

Answer Link

Otras preguntas

Question 6(Multiple Choice Worth 3 points) (04.02 MC) Drought is the lack of soil moisture over a period of time. This lack of moisture can be due to which of t

Who provides public services to the people and how do they provide it?(please fast I need till August 2)

If anyone can tell me what my face looks like, then you are a good explorer

Which of the following is NOT a useful strategy when making an informed purchase? 1.Compare your option to similar products. 2.Calculate the unit price of the p

Two friends are carrying a 200-kg crate up a flight of stairs. The crate is 1.25 m long and 0.500 m high, and its center of gravity is at its center. The stairs

The angle of the resultant vector is equal to the inverse tangent of the quotient of the x-component divided by the y-component of the resultant vector the inve

Active into pasive She cleans the house every day

Nasa is building a satellite that is roughly the shape of a sphere. If the satellite weighs 14.25 pounds per cubic foot before the launch and has a diameter of

i can do ( many/press-ups) ..... you

When does puberty occur? What causes the changes that occur during puberty?