Seudónimo Seudónimo

02-08-2018
Mathematics

contestada

Glenn invested $15,000 at 3% interest compounded annually. How much interest will Glenn earn in 4 years?

Respuesta :

superman100g superman100g

02-08-2018

Glenn will earn $1800 in 4 years because for one year the interest is $450 so in four it would be $1800

Answer Link

choixongdong choixongdong

02-08-2018

Total compounded interest = P(1 + r)^t - P

Total compounded interest = [15,000 (1 + 0.03)^4 ] - 15,000

Total compounded interest = 16,882.63 - 15,000

Total compounded interest = 1,882.63

Answer: $1,882.63

Answer Link

Otras preguntas

What was the connection between the fall of Italy and the end of World War II?

What are the zeros of the function f(x)=x^2+x-6 divides by x^2-x-6?

Which of the following expressions represents the distance between 5/2 and 4 7/8 on a number line?

factor the given expression x squared + 16x +64

1. Evaluate cos-1 (tan (0))

What's the average required power to raise a 150-kg drum to a height of 20 m in a time of 1.0 min? (Answer in kW)

What is the angle of elevation of the sun if a 45 foot tall flag pole casts a 22 foot long shadow?

Which writer coined the phrase ships that pass in the night?

Consider these two cases. Case 1: An electron jumps from energy level 4 to energy level 2 in an atom. Case 2: An electron jumps from energy level 4 to energy le

Which option aligns the contents of a cell vertically and horizontally? a. merge cells b. format cells c. add pattern d. add border