dannyanderson6623
dannyanderson6623 dannyanderson6623
  • 03-05-2017
  • Mathematics
contestada

328 dollars invested at 5% for 3 years

Respuesta :

mreijepatmat
mreijepatmat mreijepatmat
  • 03-05-2017
1) if it's a normal interest it gives a yearly interest of 328x0.05 =$16.4 /yearly


2) if it's a compound interest ,the final total amount will be :

 A = 328(1+0.05)³ = $379.701

the interest gained ==> 379.701-328 =51.701
Answer Link

Otras preguntas

What letter is right
I'm stuck on this question: Find the 3 consecutive numbers whose sum is 438. Can someone take me through it?
What would be the volume of this prism
A large pot holds 8 quarts of spaghetti sauce.Lisa has 1-pint containers of spaghetti sauce.
Four of the ships sought a passage along a southern
Read the excerpt from chapter 4 of The Strange Case of Dr. Jekyll and Mr. Hyde. Presently her eye wandered to the other, and she was surprised to recognise in h
What was henry the navigator searching for?
Daniels rate of painting the mural was2/3 of a square foot per hour. Bree's rate of painting the mural was 1/3 of a square inch per minute. Who painted more qui
Can someone please give me an example of a displacement reaction using an ionic equation ??
Samuel needs to decrease his expenses. To which category should he make cuts first?