Godjesus Godjesus
  • 01-07-2016
  • Mathematics
contestada

$2,00 after. 3 years at an interest rate of 2.5% is$round up to the nearest cent

Respuesta :

meerkat18
meerkat18 meerkat18
  • 09-07-2016
To answer the question, I assume that the interest (i) is compounded. To solve for the future worth (F) of the present investment (P) is calculated by the equation,
                                     F = P x (1 + i)^n
where n is the number of years. Substituting the known values,
                           F = ($2000) x (1 + 0.025)^3 = $2,153.78 
Thus, the answer is approximately $2,153.8.
Answer Link

Otras preguntas

HELP NEEDED!!!! The volume of a gas is 760 ml. The temperature changes from 20 oC to 40 oC. What will be the new volume? A. 1520 ml B. 1220 ml C. 812 ml D. 612
PLEASE HELP ME HAVGDJSGEVSJSGE
A quality control engineer is testing the battery life of a new smartphone. The company is advertising that the battery lasts 24 hours on a full-charge, but the
Plzzz help its spanishh
s(t)=sqrt3t+1 at t=2
Conjugate the verb in parenthesis according to the subject. Maria y yo __________ (cocinar)
Which number is less than 0.46?
I need help with this please help me I need to show work too
Is d = -4 a solution to the equation 3(d + 12) = 8 - 4d ?​
Solve the equation 3 (x+ 4.5) = 36 one step at a time. Use the diagram to help you Explain your next step, using words and numbers.