micaiahjones06
micaiahjones06 micaiahjones06
  • 26-02-2020
  • Mathematics
contestada

Marie has $3,000 in a savings account that earns 4% interest, compounded annually.

To the nearest cent, how much will she have in 2 years?
​

Respuesta :

PHG
PHG PHG
  • 26-02-2020

Step-by-step explanation:

formula starting value X interest to the power of no of years is the new money

so 3000*1.04² is 3244.8

so it is $3245

Answer Link

Otras preguntas

Describe the relationship between radius and mass?
Jina drove to the mountains last weekend. There was heavy traffic on the way there, and the trip took 6 hours. When Jina drove home, there was no traffic and
find the radical equivalent of 27^2/3
What does the group on option do? A. removes a group B. adds a group C. adds a sort D. allows you to add calculations (Microsoft Access)
Why was the tritone an unacceptable interval in music composed for the church?​
Lucy and Katy are registering for a sports league for next year. There are 222 sports (volleyball and basketball) and 333 seasons (fall, winter, and spring) to
What were the actions Lenin took as a revolutionary?
How long is the term of service for a supreme court justice
Read Shakespeare's "Sonnet 73" and answer the question.That time of year thou mayst in me beholdWhen yellow leaves, or none, or few do hangUpon those boughs whi
Is #28 a solution of the inequality?