soqinasep5391 soqinasep5391
  • 04-02-2021
  • Mathematics
contestada

Savings account pays 3.6% per annum simple interest. Heidi puts £400 into the bank. How much will she have in the account after five years?

Respuesta :

samuelonum1
samuelonum1 samuelonum1
  • 06-02-2021

Answer:

$472

Step-by-step explanation:

Given data

Rate= 3.6%

Principal= £400

Time = 5 years

Let us apply the simple interest expression for the final amount A

A= P(1+rt)

substitute

A=400(1+0.036*5)

A=400(1+0.18)

A=400*1.18

A=$472

Hence she will have $472 in her account after 5 years

Answer Link

Otras preguntas

PLEASE HELP ASAP WITH THESE 2 part questions!!!!!!!! AND EXPLAIN PLS! The seventh-grade class is putting on a variety show to raise money. It cost $700 to rent
Please help me with this
Which federal agency created during the New Deal was set up to raise farm prices by getting farmers to grow fewer crops? A. the Tennessee Valley Authority B.
A line plot with Kelly's ribbon lengths is shown .she adds two more ribbons so that the total length of ribbon is 200 inches . What are two possible lengths o
f the electron configuration of Li is 2,1 and the electron configuration of Na is 2,8,1, what is the electron configuration of K? (PLEASE BE QUICK)
NEED HELP WITH MATH FAILING!!!!
PLEASE HELP :(!!!!!!! IT IS ONLY 8 MINI MATH PROBLEMS I WILL MARK BRAINLIEST AND EXTRA POINTS!!!!!!! :(.......!!!!!!!!!!!! DON'T USE THE SPACE IN GO OGLE WHEN Y
Nate borrows $300 to buy a smartphone. He is charged 5% simple interest per year. How much interest, in dollars, will Nate pay after 2 years?
what is the square root of 0.0225
1 or 2 Help please! Look at the picture