If $1,200 is invested in an account that earns 4.5% interest per year, how muchmoney will be in the account after 6 years?

Question

03-11-2022
Mathematics

contestada

If $1,200 is invested in an account that earns 4.5% interest per year, how muchmoney will be in the account after 6 years?

Respuesta :

Otras preguntas

Three equations have the same solution. Identify the equation that does not have the same solution as the others, 7.25 -15 10 + z 9+2 11

2. When you look at white light through a glassprism, you see a rainbow of colors called aa. spectrograph.b. spectrumc. parallaxd. light-year.

Write a program to show the grade obtained by a student after he/she enters their total mark percentage. Program should accept an input from the user and displa

Your town has seen a steady decrease of job opportunities by the amount of 10% every year. If the number of jobs available at the end of last year was estimated

4. How long did the Hebrews wonder in the wilderness with Moses? 80 years 40 years 5 years 20 years

Dilate by a scale factor of 1/2 AL D

Please help! The Sugar Sweet Company will choose from two companies to transport its sugar to the market. The first company charges $3495 to rent trucks plus an

Which of the following best describes the European regard for the conversion of North American natives to Christianity:

Solve the simultaneous equations 4x+8y=-4 2y-5x=23

AlizehJ309325 AlizehJ309325 · Answer 1 · 2022-11-03T07:05:48+01:00

AlizehJ309325 AlizehJ309325

03-11-2022

[tex]\begin{gathered} \text{Interest}=\frac{Prin\text{icipal}\times rate\times time}{100} \\ I=\frac{1200\times4.5\times6}{100} \\ I=324 \\ \text{The money in the account is.} \\ \text{Money}=P+I \\ \text{Money}=1200+324 \\ \text{Money}=\text{ \$1524} \end{gathered}[/tex]

Answer Link