HayvnU664696 HayvnU664696
  • 03-11-2022
  • Mathematics
contestada

If $1,200 is invested in an account that earns 4.5% interest per year, how muchmoney will be in the account after 6 years?

Respuesta :

AlizehJ309325 AlizehJ309325
  • 03-11-2022
[tex]\begin{gathered} \text{Interest}=\frac{Prin\text{icipal}\times rate\times time}{100} \\ I=\frac{1200\times4.5\times6}{100} \\ I=324 \\ \text{The money in the account is.} \\ \text{Money}=P+I \\ \text{Money}=1200+324 \\ \text{Money}=\text{ \$1524} \end{gathered}[/tex]

Answer Link

Otras preguntas

Vietnamese culture was more connected to _____________ than to China.
Why did Andrew Jackson oppose the national bank? A.He felt it fostered the agricultural economy. B.He felt it undermined the rights of states. C.He felt it had
what are the things to be done by a democracy for the welfare of its citizens? i'll give 15 points. pretty plz. fast x(
which unit is used to express the pressure of a gas?
A coin was thrown 10 times and it came up heads each time. Is it more likely to come up tails on the next throw? State a mathematical reasoning to state whether
which uses less electricity in an hour, a blender or a popcorn popper
Maximilian had 4/5 bag of trail mix. He divided the trail mix equally among 5 friends. What fraction of the full bag of trail mix did each friend receive?
which is heaviest a bicycle a pencil a dog an elephant
what role did scientific breakthroughs play during the scientific revolution
explain how you know that when finding a fractional part of a whole number is the same as multiplying that fraction by a whole numbver