chenique95 chenique95
  • 25-03-2022
  • Mathematics
contestada

Anthony deposits $800 into a savings account that carns 3.5% interest annually.

Respuesta :

isalep93 isalep93
  • 25-03-2022

after 1 year he will get : 800 + 800 x 3,5% = 800 x 1,035 = $828

after 2 years he will get : 828 x 1,035 = 800 x 1,035 x 1,035 = 800 x 1,035²

so

after n years he will get : 800 x 1,035ⁿ

Answer Link
skyedavise1
skyedavise1 skyedavise1
  • 25-03-2022

Answer:

Step-by-step explanation:

800 x 1,035ⁿ

Answer Link

Otras preguntas

In the decades before the civil war, cincinnati workers:
Rather than compete with large greeting card companies for shelf space in supermarkets, several smaller card companies place their cards in pack-and-ship stores
Which type of medical insurance typically offers the least amount of flexibility in selecting a primary care physician?
Which set of numbers is an arithmetic sequence?1, 5, 8, 13, ...2, 4, 8, 32, ...25, 21, 17, 13, ...81, 27, 9, 3, ...
What is the answer for | 3x - 2 | = 8 and | x + 1 | = 1
How did kennedy respond to soviet successes in space in 1961?
Does anybody know if 1.5 is more than 1?
Jamal is trying to buy something over the phone. he asks his partner to read him his credit card number. however, when he tries to repeat it to the sales clerk
What were the issues that made it impossible for the era of good feelings to last?
In california, undocumented migrants are often blamed for high unemployment in the state, although statistics show that high unemployment is not related to the