angelamalcom9278 angelamalcom9278

23-11-2018
Mathematics

contestada

Michelle has $1,393 in a savings account. The interest rate is 9%, compounded annually.

To the nearest cent, how much will she have in 2 years?

$?

Respuesta :

Аноним Аноним

23-11-2018

A = P (1 + r)^n where P = initial amount, r = interest rate , n = number of years and A = amount after n years.

So here we have A = 1393(1 + 0.09) ^ 2 ( 0.09 = 9%)

= $1655.02 (answer)

Answer Link

Otras preguntas

What does the writer mean when he says, âthereâs a long tail that comes after the tall headâ?

With the creation of the cuneiform system scribes were able to do what?

graph y=|x|-3 and identify intercepts, vertex, intervals on increase/ decrease, intervals of positive and negative

If Karen gets up early and studies three hours for her test, she is likely to get an A. If she sleeps in, she will probably get a C. What is the opportunity cos

Can you PLEASE help me!! And show me how you got the answer

A speech giving a virtual tour of the White House would use which organizational pattern? chronological topical spatial cause-effect problem-solution

The statement 3plus+3equals=6 serves as a/an _______ to the conjecture that the sum of two odd numbers is an odd number

A hard drive that is running slowly may not have been properly?

El doble de un numero menos uno

In certain ranges of a piano keyboard, more than one string is tuned to the same note to provide greater intensity. for example, the note at 112 hz has two stri