Chon0eyej0aydir Chon0eyej0aydir

03-02-2017
Mathematics

contestada

If a man has $1,500 in the bank and the annual interest rate is 5%, how much money will he have in the bank after 1 year?

Respuesta :

apologiabiology apologiabiology

03-02-2017

I=PRT
interest=I
P=principal
R=rate in decimal
t=time in years

P=1500
T=1
R=5%=0.05

I=1500 times 0.05 times 1
I=75

interst is 75
total amount is 1500+75=$1575 total

Answer Link

Otras preguntas

b. If 3x - 3 and 5x + 7° are the angle of a linear pair, find their measurement the angle

To find the value of the following expression, which task should be completed first?

1. What season forced both sides to make camp?

Importance of Game and Sports in 150 words

A square stepping stone has a side length of 10 1/4 inches.AND ITS NOT 41.6What is the area of the stepping stone?

The rate at which an airplane flew was StartFraction 700 miles over 2 hours EndFraction. How can the unit rate be determined? by writing an equivalent rate with

A train, initially moving at 12 m/s, speeds on to 36 m/s in 120 seconds. What is its acceleration?

6. What British explorer and missionary discovered the waterfalls that were later named for the queen of Britain? (chapter 15 8th grade history)

What’s the value of X?

Ahmed is creating clay at home for an art project. The recipe calls for 2 cups of water and 4 cups of flour. Ahmed would like to make more clay than the recipe