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

How many midgets can sit in a clown car if the car can hold 4 clowns from door to door and 3 people from front seat to back seat. Two midgets fit across 1 clow
why did  the volcano explode
Which of the following categories includes the most distantly related organisms? (A) family (B) species (C) class (D) genus (E) order
which inequality is equivalent to 7x-2y> 8. A) y> 7/2x+8 b) y>-2/7x+8/7 c) y <7/2x-4 d) y <-2/7x-4/7 (whats a Inequality? )
what colors are birds are attracted 2
What are some reasons why Immigrats people come to the U.S.?
solve for x: 2x^2+4x-16+=0
Which of the following molecules has polar bonds but is a nonpolar molecule? a. H₂ b. H₂O c. NH₃ d. NaCl e. CO₂ Can anyone explain this one?
what are some reasons for limiting authority
A bottle rocket that was made in science class had a trajectory path that followed the quadratic equation y=-x^2+4x+6. What is the turning point of the rocket's