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

Which is the right answer?

What is the median of the following data values? 98, 102, 53, 80, 22.

2. What’s the answer to this question?

In the chinese symbol for yin and yang, the dash shows two semicircles formed by the curve seperating yin(dark) and yang(light). Is the circumference of the ent

Which strategy most helps a reader organize his or her thinking about a text? Summarizing Making a list Paraphrasing Annotation

A cathedral has a large, circular stained-glass window. A visitor measures the window and calculates that it has a circumference of 25.12 yards. What is the win

Plz help now I am so confused

The letter I in French is pronounced like the “a” in “father.” the “e” in “the.” the “e” in “me.” the “o” in “bone.”

Which answer supports the statement, "Agriculture in Georgia remains a very important part of the economy"?

A restaurant had 7 days to sell 64 gallons of ice cream before it expired. How much should they sell each day?