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

How is respecting others' differences related to your community? You can celebrate the differences in private. You can attend festivals that celebrate the diffe

The table below shows the survey results for six randomly selected lions from five different zoos. Gender No. of Offspring Age, years This data set contains thr

Which expression is equivalent to the given expression?(12g^2h^7)(3g^-2h^-4)

what is the most important reason for evacuating children? (ww2)

What is the measure of angle c in degrees? * 150 30 90 60

What is the next term of the geometric sequence? 27/16, -9/4 3

Which groups are affected most by globalization? Select three options, businesses churches consumers economies schools

Consider the nuclear equation below. 239/94 Pu—-> X+ 4/2 He. What is X?

Calculate the slope of the line that goes through the points (1, −5) and (0, −10

Round to the nearest cent $1.6845