chaco04 chaco04
  • 04-09-2020
  • Mathematics
contestada

Find the future value of a 10-year investment of $3500 at a simple annual rate of 3.49%.

Respuesta :

vigyana
vigyana vigyana
  • 04-09-2020

Answer:

You can plug in the simple interest formula A=P(1+rt) to get the amount is equal to  3500 (the principal in this case) times 1+ 3.49/100(10). This is 3500(1.349), and this is $4721.5.  

Answer Link

Otras preguntas

Which is not an example of a symbol? A word, a picture, an object or an opinion?
Exercise has no effect on breathing. a. True b. False
how do you increase 2850 by 18%
12 is 75% of what number?
Which religion has a personal wirship after a bath?
Which statement about the treatment of Japanese Americans during World War II is correct? a. President Roosevelt refused to allow Japanese Americans to serve i
What is the volume of this cylinder? (Use π = 3.14.) A. 703.36 cm3 B. 175.84 cm3 C. 50.24 cm3 D. 354.68 cm3https://static.k12.com/calms_media/me
how do organisms contribute to the carbon cycle
How would you command someone not to speak (hablar), using the tú command?
Why did the U.S. take action to end the Taliban regime in Afghanistan?