tarashon32173 tarashon32173

01-06-2017
Mathematics

contestada

if $1,100 is deposited into a saving account 11% interest paid annually how much money will be in the account in 10 years

Respuesta :

destr0yerx4114 destr0yerx4114

01-06-2017

3,123.36 if compounded once annually.

Answer Link

benwickersham benwickersham

01-06-2017

The answer is $3123.36

I used the formula of A = i(1 + r/n)^nt

Then I plugged the numbers in and got:
A = 1100(1 + .11/1)^1 x 10
Then I just solved it like a normal equation

Answer Link

Otras preguntas

1. During World War I, the increase in home gardens was an example of which of the following? A. campaigns to overcome shortages caused by ships being sunk B. c

simplify the expression (24÷3 )×5-6+2×7-3

What Are The Branches Of Botany?

What led to the humanist movement?

Write the ratio in three different formats: to , , and . Carlos biked 24 miles and ran 6 miles. Write the ratio of the distance Carlos biked to the to

The situational irony in this story comes from the fact that the ending is __________.

Sunflowers belong to which of the following kingdoms? A. Animalia B. Fungi C. Plantae D. Protista

How are payroll taxes and user fees different?

The test scores for a group of students are shown. 87, 72, 98, 84, 72, 65, 72, 70, 58, 91, 81, 84 What is the mode of the scores? A. 80 B. 77.8 C. 76.5 D

Given the equation representing a reaction at equilibrium: N2(g) + 3H2(g)==> 2NH3(g) + energy Which change causes the equilibrium to shift to the right? (1)