jessicaelaine119
jessicaelaine119 jessicaelaine119
  • 02-07-2020
  • Mathematics
contestada

An account pays 7%per year simple interest. In 1 year, the amount in the account is 950. How much is in the account in year 6

Respuesta :

gilbertazavedo72
gilbertazavedo72 gilbertazavedo72
  • 04-07-2020

Answer:

First year's interest is already given.

There are 5 more payments of interest

= 5 * 0.07 * 950 = 332.5

so amount in the account after 6 years = 950 + 332.5 = 1282.5

Answer Link
283821ljllllllll
283821ljllllllll 283821ljllllllll
  • 13-12-2020

Answer:

The answer is 1282.50

Step-by-step explanation:

Answer Link

Otras preguntas

Solve the system of equations. ​−2x+15y=−24 ​2x+9y=24 ​​ x= y=
Which targeting option allows you to re-engage with people who visited your site by serving them ads containing the products they viewed on their visit?
Moving a greater ______ with a smaller _______ is the purpose of most machines. (fill the blanks asap please)
Ice covers most of which ocean?
What are two fractions quotient equal 4
someone please help me me me
What is the proper term for an opinion constructed on the spot? select one: a. latent opinion b. potential opinion c. public opinion d. private opinion?
Which of the following is a correct description of cogeneration? A. The process of recovering waste thermal energy produced in electricity generation
in the Elizabeth great chain of being which being was at a lowest rung of human society
To obtain your credit report, you should _____. write to the credit bureau complete a lengthy form at the bank and give it to a customer service representative