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

How does satire focus on conduct in a secular society? Satire emphasized man’s free will in a world without God. Satire points out the necessity of a worldview
Please...... If u know answer I needed until today.
If a fair-number cube with sides numbered from 1 to 6 is tossed 240 times, approximately how many times would the fair-number cube land on a number that is grea
If a = 2 + i, and b = 3 – 2i, whats b/a?
A couple plans to have three children. the chance they will have a girl is 0.8. the gender of one child is independent of the gender of another child. what is t
Shortly after the 9/11 terrorist attacks, president george w. bush issued an executive order allowing which agency to conduct secret surveillance without court
A 1.55-kg object hangs in equilibrium at the end of a rope (taken as massless) while a wind pushes the object with a 13.3-n horizontal force. find the magnitude
Geometry Help Please
How do I do this qn?
True or false: by bundling the two snacks together, snackyville can force grocery stores to pay more than they would be willing to pay when purchasing the snack