afel5dpr4igKarrioCav afel5dpr4igKarrioCav

13-03-2017
Mathematics

contestada

Lester deposited 400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. what was the total interest he earned in 3 years

Respuesta :

Aliwohaish12 Aliwohaish12

13-03-2017

Simple interest earned
I=prt
I=400×0.045×3=54
Compound balance after 3 years
A=p(1+r)^t
A=450×(1+0.032)^(3)=494.597
Compound interest earned=494.597−450=44.597
Total interest earned=54+44.597==98.597

Answer Link

Otras preguntas

Which is the simplified form of the expression?

The human calculator

In the 1844 election, the phrase “Fifty-Four Forty or Fight!” referred to the

Mutagens increase the amount of damage to dna. True or false?

What is the equation of the line that passes through the point (3,-5)(3,−5) and has a slope of 0?

7. The number +10 can be used to indicate a A. 10-degree rise in temperature. B. decrease in salary of $10. C. withdrawal of $10. D. loss of 10 poun

David performed the following mathematical operation .

Find the non permissible replacement for a in this expression y-3/y+7

does a large open forest have a high or low rate of speciation

What is the total surface area of the cone? 147π cm2 224π cm2 175π cm2 273π cm2