Kendall11111 Kendall11111
  • 12-09-2017
  • Mathematics
contestada

You have $500 in a saving account that earns 3% simple interest per year. How much money will be in your account in 10 years

Respuesta :

fatima47
fatima47 fatima47
  • 12-09-2017
The answer will be $1500 because you change a percent to a decimal and then you multiply $500 by .3 and then you going answering any multiply it by 10 times
Answer Link
mjensen96 mjensen96
  • 12-09-2017
3% of $500 is $15.
Simple interest does not give interest on previous interest given, therefore, interest is only given on the $500 each year.
So, 10*15 = $150
$150 + $500 = $650
Answer Link

Otras preguntas

00:00 Solve the equation x2 = 10. O A. X= 5/10 O B. = V10 O C. x = +5 OD. = 5
Two supplementary angles are in a ratio of 1:2, What is the measure of the large angler help me finish the page thank you:)
1. the physical environment (plants, animals, soils, climate) in a place *
A CD usually sells for $15.00. If the CD is 20% off, and sales tax is 6%, what is the total price of the CD, including tax? A. $12.84 B. $11.93 C. $12.90
what episode does goku go ultra instinct for the first time
help! please! the question is below0.6250.3440.7970.406
Uri ng pamamahala ni solon?​
Ali, Ben and Clare each played a game. Clare’s score was seven times Ali’s score. Ben’s score was half of Clare’s score. What is the ratio of Ali’s score to Be
sino pinoy dito? wala lang tanong kulang​
The first reaction to a loss is often: Denial Depression Bargaining Anger