grammybergin291 grammybergin291
  • 12-10-2020
  • Mathematics
contestada

use simple interest to find the ending balance $7300 at 7% for 3 years

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 12-10-2020

9514 1404 393

Answer:

  $8833

Step-by-step explanation:

The account balance will be given by the formula ...

  A = P(1 +rt)

where P is the amount invested, r is the annual rate, and t is the number of years.

  A =- $7300(1 +0.07·3) = $7300·1.21 = $8833

The ending balance is $8833.

Answer Link

Otras preguntas

Part A - Prefixes, Roots, and Suffixes Match these prefixes, suffixes and roots to their meanings. phospho- angio- -uria -tropic -phag- a. The word root means b
Which type of neuroglia is found outside of the brain?
Write an inequality and solve each problem.For exercises 11 and 12, interpret the solution.
Find the area of the regular hexagon if a side is 20 cm.
HELP NEEDED FAST 15 POINTS The process of natural selection favors certain characteristics in organisms, while it selects against other characteristics. What wo
How do you write something in scientific notation?
i am ----- school.a, going to b, will
Which of the following matches the organisms described with the correct domain?A. Bacteria--unicellular, eukaryotic organisms with cell walls that do not contai
45% of the trees in a park are apple trees. There are 27 apple trees in the park. How many trees are in the park in all?
Why was Charliemagne hesitant about being crounded Holy Roman Emperor?