HayvnU664696 HayvnU664696
  • 03-11-2022
  • Mathematics
contestada

If $1,200 is invested in an account that earns 4.5% interest per year, how muchmoney will be in the account after 6 years?

Respuesta :

AlizehJ309325 AlizehJ309325
  • 03-11-2022
[tex]\begin{gathered} \text{Interest}=\frac{Prin\text{icipal}\times rate\times time}{100} \\ I=\frac{1200\times4.5\times6}{100} \\ I=324 \\ \text{The money in the account is.} \\ \text{Money}=P+I \\ \text{Money}=1200+324 \\ \text{Money}=\text{ \$1524} \end{gathered}[/tex]

Answer Link

Otras preguntas

Do y'all understand this? please help me​
Please help me please
Which of these volcanic eruptions types is the least violent
Based on the balanced reaction 4Cr+3O2=2Cr2O3 how many grams of Cr (MM=52.00g/mol) will react with 5.10x10^2 grams of O2 (MM=32.00g/mol) in complete Scientific
What is the half-life of a pharmaceutical if the initial dose is 500 mg and only 31 mg remains after 6 hours? a. 2.0 hours b. 1.5 hours c. No right choice.
What are some independent variables that are in some way related to global warming?
Write a twist story where a hero becomes a villian at climax.
you have an 7-by-5-inch photo of the math club that must be reduced to a size of 5.6 inches by 4 inches for the school yearbook. what percent does the photo nee
Write 2 - 2+ √ 3 in the form of a+b √ 3, where a and b are integers. Tell me if it’s right. 2 - 2+ √ 3= 2(2-√ 3) —
what is 60 kilometers to meters (1 km = 1000 m)