peincess4074 peincess4074
  • 18-05-2018
  • Mathematics
contestada

Ryan deposits $7000into an account that pays simple interest at a rate of 3%per year. How much interest will he be paid in the first 2years?

Respuesta :

coldsnapped coldsnapped
  • 18-05-2018
1.03 = 3% interest
7000 x 1.03 = 7210
7210 x 1.03 = 7426.3

6% of compounding interest or $426.3
Answer Link

Otras preguntas

1. Implied ContractThomas Rinks and Joseph Shields developed Psycho Chihuahua, a caricature of a Chihuahua dog with a "do-not-back-down" attitude. They promoted
What type of stanza contains four lines? A. couplet B. quatrain C. sestet D. octave
What is a 15 of the sequence -7, 2, 11, ...? A. 128 B. 110 C. 136 D. 119
A blank is when one country increases its army because others did
Who was allowed to vote in colonial society? A) everyone B) Native Americans C) white male property owners D) married women
PLEASE HELP ME I NEED HELP​
a truck rental company charges $27 per day plus $.79 per mile what is the equation of the line in slope intercept form
Which expression is equivalent to 24 + 30 A) 6(4+5) B 6(4+6) C 8(3+4) D 8(3+12)
positive and negative effects that stress has on your emotions
help please thanks! :)