Chon0eyej0aydir Chon0eyej0aydir
  • 03-02-2017
  • Mathematics
contestada

If a man has $1,500 in the bank and the annual interest rate is 5%, how much money will he have in the bank after 1 year?

Respuesta :

apologiabiology
apologiabiology apologiabiology
  • 03-02-2017
I=PRT
interest=I
P=principal
R=rate in decimal
t=time in years



P=1500
T=1
R=5%=0.05


I=1500 times 0.05 times 1
I=75

interst is 75
total amount is 1500+75=$1575 total
Answer Link

Otras preguntas

How would you account for changes in tans attitude towards her mothers spoken English
A voltaic cell utilizes the following reaction: 4Fe2+(aq)+O2(g)+4H+(aq)→4Fe3+(aq)+2H2O(l). What is the emf of this cell under standard conditions?
Is this statement true or false... The Articles of confederation were written before the U.S. Constitution.
In which slot is a video card most commonly installed within a laptop? Mini PCIe Mini PCI-x PCIe PCI-x
the density of salt is 2.164 g/cm3. what is the volume of 48.0 g of salt. explain
Describe Congressional Reconstruction
What reason or law makes this illegal or legal?
What is the value of lo9279?
To make it easier to enter names into your code, NetBeans provides a feature known as
Differentiating a Logarithmic Function in Exercise, find the derivative of the function. See Examples 1, 2, 3, and 4. f(x) = ln(1 - x2)