tiarratillman2 tiarratillman2
  • 04-12-2017
  • Mathematics
contestada

find the final balance in an account with $660 invested at 3.5% annual simple interest for five years.

Respuesta :

carlafossil320
carlafossil320 carlafossil320
  • 04-12-2017
The equation for simple interest is:
A=P(1+rt)
Where:
A=amount
P=principal amount
r=rate as a decimal
t=time
So:
660(1+(0.035×5))=$775.50
Answer Link

Otras preguntas

Which of the following titles might be given to a Muslim ruler who has absolute power?.
Which of the numbers 2, 3, 4, 5 , 6 and 10 are factors of 1900
Can any ratio be written as a unit rate?
Which words make up the prepositional phrase in this sentence? Along the back fence shuffled what looked like a large gray cat. a. Along the back fence b. loo
Can 11/100 be reduced?
the sum of two numbers is 54 and difference is 10. what are the numbers?
put in accesnding order 8.08, 8.081, 8.09, 8.008
a carpenter who is installing cabinets uses thin pieces of material called shims to fill gaps. the carpenter uses four shims to fill a gap that is 1.2 centimete
Why do you think President Lincoln proposed generous terms for Reconstruction in 1863
name two new developments in the way Americans work