grammybergin291 grammybergin291
  • 12-10-2020
  • Mathematics
contestada

use simple interest to find the ending balance $7300 at 7% for 3 years

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 12-10-2020

9514 1404 393

Answer:

  $8833

Step-by-step explanation:

The account balance will be given by the formula ...

  A = P(1 +rt)

where P is the amount invested, r is the annual rate, and t is the number of years.

  A =- $7300(1 +0.07·3) = $7300·1.21 = $8833

The ending balance is $8833.

Answer Link

Otras preguntas

Identify the lateral area and surface area of a regular square pyramid with base edge length 11 cm and slant height 15 cm, rounded to the nearest tenth.
According to woolf, why do great literary works often go unwritten?.
Which are physical properties? Check all that apply. ​
Which of these makes a small blueprint of DNA? A. tRNA B. ATP C. mRNA D. rRNA
Which of the following was a major contributor to the second industrial revolution
Please help me with this problem! (Scam answers will be reported)
Kevin is 4 times as old as Daniel and is also 6 years older than Daniel. How old is Kevin?
The short sides of a rectangle are 2 inches. The long sides of the same rectangle are three less than a certain number of inches. Suppose that you are given the
Describe how you identified an area of need in your community
Sarah takes 550 mg of an antibiotic. Every hour, her body breaks down 25% of the remaining drug. How much will be left after 12 hours?.