Seudónimo Seudónimo

02-08-2018
Mathematics

contestada

Glenn invested $15,000 at 3% interest compounded annually. How much interest will Glenn earn in 4 years?

Respuesta :

superman100g superman100g

02-08-2018

Glenn will earn $1800 in 4 years because for one year the interest is $450 so in four it would be $1800

Answer Link

choixongdong choixongdong

02-08-2018

Total compounded interest = P(1 + r)^t - P

Total compounded interest = [15,000 (1 + 0.03)^4 ] - 15,000

Total compounded interest = 16,882.63 - 15,000

Total compounded interest = 1,882.63

Answer: $1,882.63

Answer Link

Otras preguntas

What is the diffrence between 6 thirty-sixes and 4 thirty-sixes.?

5 times a number decreased by 2

Which option is a balanced equation for cellular respiration?

What value should go in the empty boxes to complete the calculation for finding the product of 0.98 × 0.73? Both numbers are the same; however, only input the

the questions are on the sheet of paper

Which best describes the underlined word in the sentence? In northern latitudes, there are visible *lights* in the sky called aurora borealis. A. compound sub

Which is greater 0.12 or 1.2?

Which ordered pair is the solution to the system of equations? 2x−5y=−5 { x+2y=11 options: (15, 7) (3, 4) (5, 3

What is known about oligarchy in greece?

Putting a balloon in the freezer is one way to demonstrat what?