soqinasep5391 soqinasep5391
  • 04-02-2021
  • Mathematics
contestada

Savings account pays 3.6% per annum simple interest. Heidi puts £400 into the bank. How much will she have in the account after five years?

Respuesta :

samuelonum1
samuelonum1 samuelonum1
  • 06-02-2021

Answer:

$472

Step-by-step explanation:

Given data

Rate= 3.6%

Principal= £400

Time = 5 years

Let us apply the simple interest expression for the final amount A

A= P(1+rt)

substitute

A=400(1+0.036*5)

A=400(1+0.18)

A=400*1.18

A=$472

Hence she will have $472 in her account after 5 years

Answer Link

Otras preguntas

WHICH EXPRESSION IS EQUIVALENT TO SIN 22 COS 18 + COS 22 SIN 18?
A person sees a ball and kicks it, in part because of actions of the nervous system. Using the parts of the nervous system listed bellow, describe the path of n
Due to a membership drive for a public television station, the current membership is 125% of what it was a year ago. The current membership in 1200. How many me
What military strategy defeated cornwallis at yorktown?
how do you model the square root of 16
Video club A charged $10 for membership and $3 for movie rental. Video Club B charges $15 for membership and $2 per movie rental. For how many movie rentals wil
in what way is a gene pool representative of a population
translate into an equation. Five times the sum of twice a number, x, and six is thirty. Find the number.x = Translate into an equation. The difference b
I am a polyhedron. I am a prism. my two bases are hexagon. my two other faces are rectangles.
how do you model the square root of 16