keeponbelieving1 keeponbelieving1

01-07-2016
Mathematics

contestada

$1, 000 after 2 years at an interest rate of 3.0% is $ round up to the nearest cent

Respuesta :

meerkat18 meerkat18

01-07-2016

This may be a simple interest computation.

Simple Interest = Principal * interest rate * term

Principal = 1,000
interest rate = 3%
term = 2 years

Simple Interest = 1,000 * 0.03 * 2
Simple Interest = 60

Total Amount after 2 years: 1,000 + 60 = 1,060

Answer Link

Otras preguntas

You started a new job working 4 days a week. During a work day you can complete 3 tasks per hour. You also take a half hour for lunch and two 15 minute breaks.

Earth’s lithosphere consists of

Which of these is a type of forgery? O A. A mural O B. A pastiche O C. A sculpture O D. An engraving

Which fraction is greater than 1/2 and less than 3/4 ?

Read the excerpt from Through the Looking-Glass by Lewis Carroll. Alice glanced nervously along the table, as she walked up the large hall, and noticed that the

the formation of the enzyme pepsinogen

You’ve been waiting for the bus and your hands become cold. When you get onto the bus and sit down, you put your hands under your legs to warm up. After a while

whats the formula for density

John paid $50 for renting a cycle for 5 hours. Which graph shows the relationship between the cost of renting a cycle for different hours? Photos go from A to D

Anybody who helps me with this gets 10 brainly points.