Chon0eyej0aydir Chon0eyej0aydir
  • 03-02-2017
  • Mathematics
contestada

If a man has $1,500 in the bank and the annual interest rate is 5%, how much money will he have in the bank after 1 year?

Respuesta :

apologiabiology
apologiabiology apologiabiology
  • 03-02-2017
I=PRT
interest=I
P=principal
R=rate in decimal
t=time in years



P=1500
T=1
R=5%=0.05


I=1500 times 0.05 times 1
I=75

interst is 75
total amount is 1500+75=$1575 total
Answer Link

Otras preguntas

Two co-teachers, Daniel and Mathew, have to grade a set of math journals. Daniel grades 45% of the journals. Mathew has to grade 121 journals. How many journals
2cos^2x+sinx=2 domain restriction 0,2pi
what are some examples of angiosperms
What was the Roman forum?
4. Which of the following led to the growth of nationalism in the Middle East after the Great War? (Points : 3) foreign domination the spread of communism Russi
Which igneous rock has large crystals surrounded by smaller crystals
Is energy in fossil fuels is derived from the energy stored in plants and animal matter?
To warm up before a run, David begins by completing quad and hurdler's stretches. Which of these accurately evaluates his choice of warm-up activities? a ) Thes
Compare victoria Falls to Niagara Falls. Which has the greater potential to generate energy?
the area of a triangle definitely is base x height ➗2 what classic mistake has Anne's made