kaylee5569 kaylee5569
  • 11-04-2021
  • Mathematics
contestada

Find the balance in the account.
4. $3,900 principal earning 2%, compounded annually, after 3 years

Respuesta :

fatimamalhi00
fatimamalhi00 fatimamalhi00
  • 11-04-2021

Answer:

$4138.7

Step-by-step explanation:

P= $3,900

R= 2%

T or n= 3 years

compounded anually (yearly) so:

A= P(1+[tex]\frac{R}{100}^n[/tex])

A= 3900(1+[tex]\frac{2}{100}^3[/tex])

A= $4138.7

Answer Link

Otras preguntas

How many yards long is a piece of fabric witha width of 5/8 yrd nd a area of 2 3/4 square yards?
PLEASE HELPP WITH THE MOST YOU CANNN , I BEG LOL
Two points on the graph of the linear function f are (0,3) and (3,9). Write a function g whose graph is a reflection in the x-axis of the graph of f ​
quien canta suavemente y tu sonrisa? le daré BRAINLIEST a quien contesta primero! IF YOUT DONT SPEAK SPANISH DONT ANSWER!!
help ! will mark brainliest!!
90 HELP PLEASE!!! I'LL GIVE BRAINLIST AND POINTS!! Research a past Supreme Court decision. Write at least one paragraph about the issue and the final ruling con
the mass of a rock same is 25 g and its density is d5d/cm cubed. What is the volume of the rock?
Answer to this please?
Which of the following is an important step in the formation of a fossil? The organism must dle of natural causes The organism must be buried quickly The organi
2Which adjectives does the writer use todescribe the following?1 .............. cabin2 .............. lake3 ........ weather4 .............. food5 ....... ... d