BluSeaa
BluSeaa BluSeaa
  • 01-06-2020
  • Mathematics
contestada

Correct answers only please!

Correct answers only please class=

Respuesta :

jimthompson5910 jimthompson5910
  • 01-06-2020

p = 7000 is the amount deposited, aka the principal

r = 0.15 is the decimal form of 15% interest rate

t = 2 is the number of years the money sits in the account

--------------

B = p*(1+r)^t

B = 7000*(1+0.15)^2

B = 7000*(1.15)^2

B = 7000*(1.3225)

B = 9257.50

Subtract off the deposited amount to get the interest earned

i = B - p = 9257.50 - 7000 = 2257.50

Answer: 2257.50

Answer Link

Otras preguntas

Choose the definition of: Vindictive A. Kind-hearted B. included to obey C. angry D. inclined to revenge
Bush hailed from Georgia. a. True b. False
Which term correctly identifies the underlined words in the sentence? The salesclerk answering everyone's questions looked tired. A. infinitive B.
Diameter of a flour tortilla is 12 inches, what is the area?
Absolute strength is the amount of weight you can lift regardless of which characteristic? body size skill set age ethnicity
what is 5^4 well it's just multiplying 5 by 5 four times
What is. The difference between ending the slave trade and ending slavery
Daniel Ellsberg released copies of a U.S. military report commonly referred to as A. Nixon's Notes. B. the War Papers. C. the Pentagon Papers. D. the Vietnam
Why did Jamestown s location cause hardship for the colonists?
Hallucinogens distort an individual's perceptions of reality.