kcharland kcharland
  • 02-04-2018
  • Mathematics
contestada

If $85 is put into an account that gets 8.5% and I add $15.00 per year, how much will I have in 8 years

Respuesta :

CastleRook
CastleRook CastleRook
  • 11-04-2018
Using geometric progression formula
sn=[a(r^n-1)/(r-1)]
s8=[15(1.085^8-1)/(0.085)]
The total amount will be given by:
85(1.085)^8+[15(1.085^8-1)]/0.085
=325.7109
After 8 years we shall have 325.71
Answer Link

Otras preguntas

why is the relative atomic mass of tellurium greater than the relative atomic mass of iodine?
16. In a straight contest, the loser polled 42% votes and lost by 14400 votes. Find the total number of votes polled. If the total number of eligible voters was
1.4 Determine the area of the base of the tin in square meters You may us the formula: A = πr² Hint: radius = half of diameter π = 3,142 1.5 Determine the area
How many milliliters of Cleocin are needed to complete this order? Available: 900mg/3ml Order: 0.75g
Nielson Motors has a share price of $50.00. Its dividend was $2.50, and you expect Nielson Motors to raise its dividend by approximately 6% per year in perpetui
WILL GIVE BRAINLIEST FOR QUICK ANSWERS!! I RATE WELL FOR GOOD ANSWERS!!
Find the area of square alone woodside 72 metre
11. Tungsten can also be obtained by reacting tungsten fluoride with hydrogen. The equation for this reaction is WF6 + 3H2 à W + 6HF (i) In an experiment, a che
Dans chaque cas réduire l'expression 2x-3+8-4x+x²
4 important details that establish john lewis character/morals