mathhelp991 mathhelp991

18-09-2017
Mathematics

contestada

$375 is borrowed from a bank that charges 4.25% compounded annually.Calculate the amount of money owed after 3 years

Respuesta :

Aliwohaish12 Aliwohaish12

18-09-2017

The formula is
A=p (1+r)^t
A amount owed?
P amount borrowed 375
R interest rate 0.0425
T time 3years
A=375×(1+0.0425)^(3)
A=424.87

Hope it helps!

Answer Link

Otras preguntas

i need help please click i really need help

Which of the following situations indicate positive peer pressure

Why was the U.S. willing to go to war with Spain over Cuba?

What do ponds and small containers have in common?

the theory that all matter consists of constantly moving particles is known as the a. physical theory of matter b. attraction theory of matter c. theory of sta

similarities between okonkwo n unoka

A high school basketball team won exactly 65 percent of the games it played during last season. Which of the following could be the total number of games the te

what types of money are included in the M2 catgergory? check all that Apply.currencysavings accountschecking accountscommodity moneymoney market accounts

an everyday meaning of corresponding is "matching". How can this help you find the corresponding parts of two triangles?

What are the periodic trends in atomic radius select all that are correct?