maddiegirl4238 maddiegirl4238
  • 21-01-2021
  • Business
contestada

Suppose you deposit $125 into a bank today earning 2.5% interest. How much money would you have after one year

Respuesta :

andromache andromache
  • 25-01-2021

Answer:

the money after one year is $128.125

Explanation:

The computation of the money after one year is shown below;

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $125 × ( 1 + 2.5% ) ^1

= $125 × 1.025

= $128.125

Hence, the money after one year is $128.125

Answer Link

Otras preguntas

Question 1 1 pts What is the value of x in the equation shown below? 2(x + 8) - 4x = 10x + 4 RENA
Please help I’m unsure of what the answer is
What the climate in the Anacostia watershed been like over the past few 12,500 years?
if f(x)=-3x-2, what is f(-5)
Find the perimeter and the area of the polygon with the given vertices. A (12,2), B (12,13), C (15,13), D (15,2) The perimeter is __ units. The area is __ squar
A library has hired you to install a sculpture in one of its spaces. Describe the type of sculpture you would install in this space. Be sure to include a visual
PLZZZZZZZZZ HELP i will give BRAINLEST a person driving down the road sees 2 stop lights ahead. each fight can each be either red (R), yellow (Y), or green (G).
the perimeter of the triangle is ___ units. ​
What is 1 × 10 − 3 written in standard form? math
Calculate the volume of the figure. 2 cm 3 cm F | - - - 3 cm 3 cm O 15 cm 33 cm O 45 cm O 54 cm What is the value of x, if the volume of the sone i