Mathematics, 07.04.2020 01:31, jay1041

Level
M
S
.13 Compound interest: word problems
Learn with an example
Dalton opened a savings account and deposited $200.00 as principal. The account earns 3%
interest, compounded annually. What is the balance after 5 years?
nt
Use the formula A = P1+ where A is the balance (final amount), P is the principal
(starting amount), r is the interest rate expressed as a decimal, n is the number of times per
year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.
Submit

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 17:00, kianarice55otaivh

During your cycling trip, you and your friends often stayed in hostels. the prices of these are listed below. hostel standard room (price per night) with breakfast (price per night) super sleep hostels £22.45 £28.65 normandy nights £18.55 £25 zzzola hostels £24.50 £30.99 belgian beds £11.20 £18.55 night-time rest days ? £33 what is the range in cost for a single night, including both standard room prices and with breakfast prices?

Answers: 1

continue

Mathematics, 21.06.2019 17:00, casting479

Ajar of gumballs contains 4 reds, 2 greens, and 6 blues. what is the probability of getting two blues in a row without replacement?

Answers: 1

continue

Mathematics, 21.06.2019 17:00, chloerodgers56

If a baby uses 15 diapers in 2 days how many diapers will the baby use in a year

Answers: 2

continue

Mathematics, 21.06.2019 17:20, lpssprinklezlps

Consider the proof. given: segment ab is parallel to line de. prove: what is the missing statement in step 5?