ZaireJackson12 ZaireJackson12

27-02-2021
Mathematics

contestada

How long does it take an account with a principal of $500 to earn $75 in interest at a simple annual interest rate of 3%?

Respuesta :

Savannahh14 Savannahh14

01-03-2021

Answer:

about 5 years

Step-by-step explanation:

year 1)500*0.03= 15

year 2)515*0.03= 15.45+515=530.45

year 3)530.45*0.03= 15.91+530.45=546.36

year 4)546.36*0.03=16.39+546.36=562.75

year 5)562.75*0.03=16.88+562.75=579.63

Answer Link

Otras preguntas

why Ghana, Mali, and Songhai rose and fell. Please help me!!! I will mark

A) 6 square meters B) 16 square meters C) 28 square meters D) 49 square meters

Select the correct answer. What is the sum of the first 17 terms of this arithmetic series? Use Sn=n(a1+an/2) . -28 + (-13) + 2 + 17 + ⋯ A. 1,692 B. 1,564 C

Do you already demonstrate some ways of being financially responsible? In the text box below, write a brief statement about the ways you already show financial

All teachers should ensure ________ learning in class. A. actively B activity C. action D. active

sixteen less than a number squared

to tell someone's life story. A biography is written in chronological order and includes (Choose ALL that apply) •word like "Yesterday •date like "in 19005 •phr

Explain how a service business might help another business.

9. Each year the local country club sponsors a tennis tournament. Play starts with 128 participants. During each round of tennis, half of the players are elimin

In the water cycle, liquid water evaporates from oceans, plants, and other living things and forms water vapor, a gas, which rises in the atmosphere, then cools