nokesdon675 nokesdon675
  • 21-06-2017
  • Mathematics
contestada

if 500 is deposited into an account earning 6 percent simple interest what is the future value in 6 years how do you work it put

Respuesta :

jdoe0001 jdoe0001
  • 21-06-2017
[tex]\bf \qquad \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$500\\ r=rate\to 6\%\to \frac{6}{100}\to &0.06\\ t=years\to &6 \end{cases} \\\\\\ A=500(1+0.06\cdot 6)[/tex]
Answer Link

Otras preguntas

Simplify the expression. quantity cosecant of y plus cotangent of y times quantity cosecant of y minus cotangent of y divided by cosecant of y.
Nicole wants to measure the height of a tree. She sights the top of the tree, using a mirror that is lying flat on the ground. The mirror is 34ft from the tr
PLS HELP ME ASAP FOR 1, 2, and 3 (SHOW WORK!!!!) MUST SHOW WORK! +LOTS of POINTS!!
How does upwelling in the ocean affect algae populations in the area ?
In a certain state car license plates are in the form of LLL NNN where L stands for a letter of the alphabet and N stands for a one digit number from 0 to 9. Ho
Which of the following battles was the last Civil War battle fought in the Indian Territory?
PLS HELP ME ASAP FOR 10 and 11 (SHOW WORK!!) + LOTS OF POINTS!!
L'Hospital's Rule Lim X approaches 0 cot2x•sin6x
SOME ONE PLEASE HELP MEEEE!!! Which groups of people were imprisoned in concentration camps? Choose all answers that are correct. A. white people from North
If the ribosomes of a cell were destroyed what effect would this most likely have on the cell