jhenceoybqk9 jhenceoybqk9

24-10-2017
Mathematics

contestada

Nelson opened a savings account 11 years ago with a deposit of $3,115.89. The account has an interest rate of 5.3% compounded monthly. How much interest has Nelson earned?

Respuesta :

11-11-2017

Attached solution with detailed work using compound interest formula.

Ver imagen rgwoot

Answer Link

marysalrom marysalrom

08-10-2020

Answer:

2458.77

Step-by-step explanation:

3115.89*(1+0.053/12)^(11*12) - 3115.89 = 2458.77

Answer Link

Otras preguntas

What 3 Types of identification constitutes satisfactory evidence?

What is considered an allergen that would require labeling on a food product in the U.S.? 1) Peanuts 2) Milk 3) Eggs 4) Wheat

a patient has a dvt (deep vein thrombosis) of the right calf. which of the following is the least likely to develop?a. Heart attackb. Pulmonary embolismc. Strok

Q#3. I have answer key but I need to understand simply please how to do it step by step and know how to solve a question like this

This is a math competition question. Could someone help me solve it?

a child's vocabulary typically increases to include ______ words between the ages of 2 and 3a. 200-300b. 500-600c. 800-900d. 1000-1200

What three things are associated with pleural friction rub?

Sasha is at a music festival where several bands play at the same time. there are 9 bands playing from 3:00 to 4:00, and 2 bands playing from 4:00 to 5:00. assu

If the insurance coverage is less than $75,000, do employees have to report the employer-paid premiums as income.a. trueb. false

_________________ show the maximum amount of output possible given a set quantity of resources and a set level of technology, in a particular time period.A-abso