ZaireJackson12 ZaireJackson12

27-02-2021
Mathematics

contestada

How long does it take an account with a principal of $500 to earn $75 in interest at a simple annual interest rate of 3%?

Respuesta :

Savannahh14 Savannahh14

01-03-2021

Answer:

about 5 years

Step-by-step explanation:

year 1)500*0.03= 15

year 2)515*0.03= 15.45+515=530.45

year 3)530.45*0.03= 15.91+530.45=546.36

year 4)546.36*0.03=16.39+546.36=562.75

year 5)562.75*0.03=16.88+562.75=579.63

Answer Link

Otras preguntas

a^2 – a – 20 factor completely

write an equation in slope-intercept form of the line through (1,3) and (-3,7)

Check all appropriate statements concerning pentyne. contains exactly 3 carbons contains exactly 5 carbons contains exactly 7 carbons has only single bonds has

i dont know the answer helppp with 16

Which structure or organelle is found in both prokaryotic and eukaryotic cells

Write the vocabulary word that matches each description below. Persona que camina por la calle

how do you turn 21\28 in to 75 \100

What is the contribution made to the development of the microscope by Robert Hooke? 1 first to document careful observations of different cell types 2 identify

Thanks to Louis Pasteur, children can receive a ________ to protect them from diseases.

Cassandra bought an antique dresser for $500. If the value of her dresser increases 6% annually, what will be the value of Cassandra's dresser at the end of 3