brazzydoll1234
brazzydoll1234 brazzydoll1234
  • 25-03-2022
  • Mathematics
contestada

Determine the Future Value (FV) of your account, after 2 years, if you invest $7580 in an account that pays a simple interest of 6%.

Respuesta :

palazzolorachel palazzolorachel
  • 25-03-2022

Answer:

8489.6

Step-by-step explanation:

We know that:

[tex]T=2\\ P=7580\\ R=6\ percent[/tex]

Substitute into formula

[tex]T=2\\ P=7580\ into\ formula\\ R=6\ percent\\ F=P+prt\\ F=7580+7580rt[/tex]

Calculate

[tex]7580\times(1+0.06\times2)[/tex]

Calculate the product or quotient

[tex]7580\times(1+0.12)[/tex]

Calculate the sum or difference

[tex]7580\times1.12[/tex]

Calculate the product or quotient

[tex]8489.6[/tex]

I hope this helps you

:)

Answer Link

Otras preguntas

The most powerful severe storm is the ___?
describe one way that a decrease in species diversity can affect an ecosystem
WILL GIVE BRAILIEST PLEASE ANSWER IN THE NEXT 5 TO 10 MINUTES HURRY PLEASE Jason was surveying students about their use of the new software lab in a school. Whi
What was the goal of affirmative action?
Question 10(Multiple Choice Worth 2 points) (03.07 MC) Which of the following is true regarding neural and endocrine responses? Endocrine: faster and shorter in
One serving of rice has 44.9 grams of carbohydrates how many grams of carbohydrates de 2.5 servings of rice have
At most, Sybil types 56 words per minute. Which inequality represents this situation? A. w 56 B. w 56 C. w 56 D. w 56
2 quarts = how many gallons
What is point source pollution of an aquatic ecosystem
Identify the vertex and the y-intercept of the graph of the function y=-2(x+3)^2 +2.