paigehickok paigehickok
  • 23-01-2018
  • Mathematics
contestada

Mac deposited $918.78 in a savings account that earns 2.1% simple interest. What is Mac's account balance after ten years?

Respuesta :

jdoe0001 jdoe0001
  • 23-01-2018
[tex]\bf ~~~~~~ \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$918.78\\ r=rate\to 2.1\%\to \frac{2.1}{100}\to &0.021\\ t=years\to &10 \end{cases} \\\\\\ A=918.78(1+0.021\cdot 10)\implies A=918.78(1.21)[/tex]
Answer Link

Otras preguntas

On which coastline was the ancient kingdom of Kalinga located? A.northwestern B.southeastern C.southwestern D.northeastern
If guy walks from his house to school and back,how far does he walk?
Answer as many as you can please, 40 POINTS (Only right answers please don't guess) 1. At approximately 50°C and 0.5 kPa, what phase of matter is water in? * A
What were two major effects of Odoacer's conquest of Rome?
I how to solve this problem
What prompts Linda to make the decisions to escape
The blank and blank systems work together to support the body and enable it to move
What is the difference of 54.59 and 26.61?
Please help me with questions 23, 24, and 25
How is the Information Technology career cluster different from most other clusters? A. Careers in all other clusters require at least a 2-year degree. B.