BluSeaa
BluSeaa BluSeaa
  • 01-06-2020
  • Mathematics
contestada

Correct answers only please!

Correct answers only please class=

Respuesta :

jimthompson5910 jimthompson5910
  • 01-06-2020

p = 7000 is the amount deposited, aka the principal

r = 0.15 is the decimal form of 15% interest rate

t = 2 is the number of years the money sits in the account

--------------

B = p*(1+r)^t

B = 7000*(1+0.15)^2

B = 7000*(1.15)^2

B = 7000*(1.3225)

B = 9257.50

Subtract off the deposited amount to get the interest earned

i = B - p = 9257.50 - 7000 = 2257.50

Answer: 2257.50

Answer Link

Otras preguntas

why is the formal amendment process so difficult and complicated?
what is the focus of the bill of rights
when cells maintain internal balance, they are in a state of
What is the classification for this polynomial? -2gh
how many moles are present in 1.51 x 10^23 molecules of HCl?
choose an equation in slope-intercept form for the line that passes through (-8,1) and is perpendicular to the y=2x-17. select one: a. y= -(1/2)x - 5 b. y= -2x
industrial production in china declined during _____. the great leap forward the may fourth intellectual movement the 1911 revolution the chinese war for indepe
Paz help me If you do help I luv I!!!
what is the oxidation number of sodium (na) in pure sodium, na?
Need help writing a descriptive paragraph about learning something new :)