tarashon32173 tarashon32173

01-06-2017
Mathematics

contestada

if $1,100 is deposited into a saving account 11% interest paid annually how much money will be in the account in 10 years

Respuesta :

destr0yerx4114 destr0yerx4114

01-06-2017

3,123.36 if compounded once annually.

Answer Link

benwickersham benwickersham

01-06-2017

The answer is $3123.36

I used the formula of A = i(1 + r/n)^nt

Then I plugged the numbers in and got:
A = 1100(1 + .11/1)^1 x 10
Then I just solved it like a normal equation

Answer Link

Otras preguntas

How do you work out the problem 84 divided by4

True or False along a divergent boundary, two plates slip past each other,moving in opposite directions.

A number cube is rolled 24 times and lands on 2 four times and on 6 three time. Find the experimental probability of not landing on a 6

What's a good slogan for a dietitian (have dietitian in it) ?

how is the expression of sex linked genes both similar to and different from the expression of autosomal genes?

Which of the following is formed at a collision zone?Continental rift valleyVolcanic island chainMountain rangeDeep-ocean trench

The gases in the air attracted to earth by gravity form layers called the ____

What is the main religion of Latin america

Newtons third law of motion is also known as the law of ?

Graph the line using intercepts: 4x-3y=12