keeponbelieving1 keeponbelieving1

01-07-2016
Mathematics

contestada

$1, 000 after 2 years at an interest rate of 3.0% is $ round up to the nearest cent

Respuesta :

meerkat18 meerkat18

01-07-2016

This may be a simple interest computation.

Simple Interest = Principal * interest rate * term

Principal = 1,000
interest rate = 3%
term = 2 years

Simple Interest = 1,000 * 0.03 * 2
Simple Interest = 60

Total Amount after 2 years: 1,000 + 60 = 1,060

Answer Link

Otras preguntas

greta bought three 15 pound bag of dry dog food.herdog eat 10 ounces of dry dog fooda day.after how many days will greata need to buy more dog food

Julio tripped on the stairs and fell. When his friend asked if he was OK, Julio said that he felt nauseous and then he lost consciousness. What do these symptom

1 d=18 in find the radius or diameter of each circle with the given dimensions 2 d=29 m 3 r=21 ft 4 r=13 mm 11r=42 cm 12r=15yd 13 d=31 m can you please he

Ana exerts a force of 20 n on a volleyball that has a mass of .15kg what is the force that the volleyball exerts on ana?

Your alarm clock wakes you up and remind you to get ready for school. Which type of neutron receive the sound of the alarm?

In february 1945 the big three met at yalta to discuss

liang enlarged a photograph to 1 3/4 times its original size the original photograph was 5 inches wide what was the width of the enlarged photograph

A rectangular cake has a length of 15 inches and a width of 15 inches. How many whole, square pieces of cake with side lengths of 2 1/5 inches can be cut from t

what is the solution for 3(4x-2)=-12x-6

A value of θ for which sec θ = csc (θ − 20°) is A. 70° B. 60° C. 55° D. 30°