Seudónimo Seudónimo

02-08-2018
Mathematics

contestada

Glenn invested $15,000 at 3% interest compounded annually. How much interest will Glenn earn in 4 years?

Respuesta :

superman100g superman100g

02-08-2018

Glenn will earn $1800 in 4 years because for one year the interest is $450 so in four it would be $1800

Answer Link

choixongdong choixongdong

02-08-2018

Total compounded interest = P(1 + r)^t - P

Total compounded interest = [15,000 (1 + 0.03)^4 ] - 15,000

Total compounded interest = 16,882.63 - 15,000

Total compounded interest = 1,882.63

Answer: $1,882.63

Answer Link

Otras preguntas

Summary for tangerine book by Edward bloor one pager ASAP DUE TMMR

5. Which side lengths form a right triangle? Check all that apply.

A flagpole is 48 feet tall. A 50-foot-long support wire connects the top of the flagpole to a stake in the ground. How far from the base of the flagpole is the

Christopher Columbus thought there was a route to Asia. He thought this route was westward. Combine into one sentence using joining words.

0.5757… as a fraction

Rearrange 4x+2y=8 to make y the subject.

Listen to each sentence and write the infinitive of the subjunctive verb you hear. Audio Text 1. Nous demandons que la chasse soit interdite. 2. Ces gens exigen

-3(6-2)+|-4| Divided by 2

I WILL GIVE 20 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS AND EXPLAIN WHY THAT IS THE ANSWER

Somebody dont just tell me the answer but tell me the steps so that i can prove my answer.