kcharland kcharland
  • 02-04-2018
  • Mathematics
contestada

If $85 is put into an account that gets 8.5% and I add $15.00 per year, how much will I have in 8 years

Respuesta :

CastleRook
CastleRook CastleRook
  • 11-04-2018
Using geometric progression formula
sn=[a(r^n-1)/(r-1)]
s8=[15(1.085^8-1)/(0.085)]
The total amount will be given by:
85(1.085)^8+[15(1.085^8-1)]/0.085
=325.7109
After 8 years we shall have 325.71
Answer Link

Otras preguntas

If cities have no money, who is supposed to pay for plans of urban renewal?
Which of the objects shown above are pyramids?
what part of the digestive system does chemical digestion of food happen? A. Esophagus B. Large Intestines C. Small Intestines D. Stomach
Determine la inercia rotacional de una varilla de 4 m de largo y 2 Kg de mesa si su eje de rotación esta situado a la mitad de la varilla.
Expand the expression 3.5(-3n + 4)
Three reforms of Augustus?
Which point is located on the y-axis of a coordinate grid? A. (1, 1) B. (1, 0) C. (0, 1) D. (2, 1)
A construction crew is using heavy equipment to dig a hole in which the foundation of a house will be built. The hole will be in the shape of a right rectangula
PLEASE HELP DUE NOW will mark brainliest! 10 points
what is the hardest metal? 1. Cesium 2. Titanium 3. Chromium 4. Magnesium Quickly please!