daleciaollison daleciaollison

04-03-2021
History

contestada

You deposit $4000 in an account that pays 2.88% annual interest. Find the balance after 2 years when the interest is compounded
monthly

Respuesta :

poetwithamission poetwithamission

04-03-2021

Answer:

$4,236.87

Explanation:

A = $ 4,236.87

A = P + I where

P (principal) = $ 4,000.00

I (interest) = $ 236.87

This is the formula:

A = P(1 + r/n)nt

A = 4,000.00(1 + 0.0024/12)(12)(2)

A = $ 4,236.87

Answer Link

Otras preguntas

how can conversion of measurements help me solve real world problems

Choose an element from the Group that will lose 2 electrons in order to achieve noble gas configuration? What is the group name for that element?

Why Is Diffusion Important To Plants And Animals?

When you divide a whole number by a decimal less than 1, the quotient is greater than the whole number. why?

At STP, which list of elements contains a solid, a liquid, and a gas? (1) Hf, Hg, He (3) Ba, Br2, B (2) Cr, Cl2, C (4) Se, Sn, Sr

Which pair consists of a molecular formula and its corresponding empirical formula? (1) C2H2 and CH3CH3 (3) P4O10 and P2O5 (2) C6H6 and C2H2 (4) SO2 and SO3

Which statement about slavery in the United States is true? A. Poor southern whites who couldn't pay their debts were also sold into slavery. B. The United St

Nate is 10 9/12 years old. How old will he be in 2 1/12 more years?

Why werew people in the slave states enthusiastic about the mexican-american war ?

Did Admiral Yamamoto make a wise decision in bombing Pearl Harbor? Explain.