kennedysccpbr kennedysccpbr

19-07-2017
Business

contestada

How much money will you have if you started with $30 and put it in an account that earned 11% every year for 5 years?

Respuesta :

Shannonkathryn7 Shannonkathryn7

19-07-2017

A=P(1+r/n)^nt
P=Initial Amount
R=Interest rate (written as decimal)
N=Number of times interest is compounded per year
T=Number of years.

A=30(1+.11/1)^1*5
A=30(1.11)^5
A=30(1.69)
A=$50.55

Answer Link

Otras preguntas

is it true or false The loss of trade with Britain had a negative impact on America’s economy.

The transfer of specific molecules through cell membranes is an important factor in the process of... A)cytoplasmic flow B)mitotic division C)excretion D)cellul

An electron moves to the left with a velocity of 9.6 x 10^5 m/s and has a magnetic force of 2.6 x 10^-15 N exerted on it. What is the magnitude of the magnetic

Help Please Preterite and imperfect forms Spanish

a substance present before chemical reaction occurs is?

PLEASE HELP ME. thx

Which statement is true about coniferous forests? They grow park-like grasslands with scattered trees. They grow thousands of plants due to year-long rainfall.

what is the answer to 6-(2x)

Which statement regarding the June solstice is true? a. Locations in the southern hemisphere experience long days and short nightsb. the southern hemisphere is

What were the actual results of prohibition