BluSeaa
BluSeaa BluSeaa
  • 01-06-2020
  • Mathematics
contestada

Correct answers only please!

Correct answers only please class=

Respuesta :

jimthompson5910 jimthompson5910
  • 01-06-2020

p = 7000 is the amount deposited, aka the principal

r = 0.15 is the decimal form of 15% interest rate

t = 2 is the number of years the money sits in the account

--------------

B = p*(1+r)^t

B = 7000*(1+0.15)^2

B = 7000*(1.15)^2

B = 7000*(1.3225)

B = 9257.50

Subtract off the deposited amount to get the interest earned

i = B - p = 9257.50 - 7000 = 2257.50

Answer: 2257.50

Answer Link

Otras preguntas

Name one social condition that people used Social Darwinism to justify.
Question 6 Answer asap please
help ya girl out real quick!! 50 points for rewardd!
find the circumference of the circle in round to the nearest 10th help please
Find the value of x.
Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight-year life. What would be the pr
What is the volume of cube B? How many cubes identical to cube A are needed to fill cube B?
A population of large cats live in a mountainous region. A small portion of the population becomes separated and isolated from the main group for thousands of y
You want to stain the lateral faces of the wooden chest shown. Find the area that you want to stain in square inches. A cube-shaped wooden chest with side edges
Codehs: 7.2.6 Can you Graduate? 7.2.7 School’s Out