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 is 4 1/3 * 2 1/7 as a mixed number in simplest form?

WILL GIVE BRAINLIEST Which sentence contains a misplaced modifier? A) The George Washington bride was designed by Cass Gilbert, who also designed the U.S. Supre

Some threats to apple pay's future

Standard firm for 400,000+60,000+5,000+100

Use the graph below to determine the number of solutions the system has.

In what country did Gandhi work as a lawyer in 1893

0.05n + 0.10(n + 3) = 2.25

Two lines intersect in a plane in form for angles what are the angles formed fathers intersect is a 53° angle what are the measures of the other three angles ex

Turner’s treadmill starts with a velocity of −3.0 m/s and speeds up at regular intervals during a half-hour workout.After 33 min, the treadmill has a velocity o

The distance around a figure is called _____