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

What is the relationship between 0.09 and 0.009?
If a male organism has a total of 40 chromosomes in each body cell, how many total chromosomes does a female of the same species have in each body cell? How m
At a dog shelter, a 2 pound bag if dog food will feed 36 dogs a day. how many dogs would you expect to feed with a 16 pound bag of dog food?
How insulin binds to cells and the mechanism involved in triggering the cells to take in glucose?
definition for inhibitors
50% of 25,000 =fifty percent of twenty five thousand equal
Which sentence is an example of characterization through action? A. Her blue eyes were clouded by age; the wrinkles around the edges had become deeper with e
what purpose did the use of alliteration and rhyme serve in the ballads from the anglo-saxon era?
Which of the following does not have a solution of x ≤ 2? a) x+4 ≤ 2 b) -5x ≥ -10 c) 10x ≤ 20 d) x-7 ≥ -11 Thank you for your help!
Lexi subtracts 9,405 from 11,138 should her answer be greater than or less than 2,000