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

Suppose f(1) = -8 and f'(1) = 12. Let F(x) = x^3f(x)+10. Find an equation of the tangent line to F at x=1. Show all work.
Number of atoms in 3C1F
9) In a marble box, for every 2 red marbles, there are 5 blue marbles. If there are 60 more blue marbles than red marbles in the bag, how many marbles are there
WritingWrite a speech for your school assembly titled 'A Funny Incident That Happened in theClass Last Week'.Remember to:a. begin with a greeting.b. keep it sim
Write the number in word form: (2 x 300) + (5 x 10) +(5 x 1) + (4 x 0.2) + (3 x 0.04)
Where is Jesus located, I would like to pay him a visit ;)
Given m|n, find the value of x. PLEQSE HELP!!
Convert 4875km to metres​
The National Sporting Goods Association (NSGA) conducted a survey of the ages of individuals that purchased skateboarding footwear. The ages of this survey are
Explain grammar tenses in English