blessunderhill
blessunderhill blessunderhill
  • 25-03-2020
  • Mathematics
contestada

Eva deposited $30 in a savings account earning 10% interest, compounded annually.
To the nearest cent, how much will she have in 3 years?

Respuesta :

lordsonmyk
lordsonmyk lordsonmyk
  • 25-03-2020

Answer:

$ 9

Step-by-step explanation:

Simple Interest = P.R.T / 100

P = Principal (Amount invested) =$30

R = Rate= 10%

T = Time = 3 years

Therefore, Simple Interest (I):

I = PRT/100

I = ($30 * 10 * 3 ) / 100

I = $900 / 100

I = $9

She will have a total of $9 in three years

Answer Link

Otras preguntas

14=-(p-8)....what is the value of p
Together tom and max have 72 football cards.  Tom has two more than four times as many cards as max has.  How many cards does Tom have?
how are heat and light waves produced on and in the sun?
what is exponential growth and exponential decay?
what bay cuts into and is almost completely surrounded by the Canadian shield?
how are heat and light waves produced on and in the sun?
Round 111.11111 to the nearest ten thousandth.
Three chemistry students measured the length of a copper bar. The recorded lengths were 5.05 cm, 5 cm , and 5.1 cm, What is the average length of the bar by sho
A student notices that an inflated balloon gets larger when it is warmed by a lamp. Which best describes the mass of the balloon with this change?
What is 0.57 divided by 30 and how did I get that