esparzadaisy00p61w0q esparzadaisy00p61w0q

24-09-2019
Mathematics

contestada

Mary invested 5,000 into a bank account that was earning 2.5 percent interest compound monthly what would her exact account balance be after 3 years?

Respuesta :

MathPhys MathPhys

24-09-2019

Answer:

$12,162.68

Step-by-step explanation:

It's compounded monthly. 3 years is 36 months.

A = P (1 + r)^n

A = 5000 (1 + 0.025)^36

A ≈ 12162.68

Rounded to the nearest cent, her exact account balance would be $12,162.68.

Answer Link

Otras preguntas

(1-sin^2x) (1+tan^2x)=1[tex]1 - sin {}^{2} x \times 1 + \tan( { }^{2} ) x = 1[/tex]Prove that : Please help i need the right one

Halpinium metal (Jh(s)) can lose electrons via the photoelectric effect. The binding energy for Jh is 2.25x10-19 J. If a photon having an energy of 4.52x10-19 J

which test measures the flexibility of the lower back and hamstrings

The cost of a bottle of water is (w – 1) cents. The cost of a bottle of milk is (2w – 11) cents. A certain number of bottles of water costs $4.80. The same numb

How did Manifest Destiny affect the 1844 presidential election? A.) Foreign nations with interests in the Oregon Country supported pro-Manifest Destiny candida

A study is testing the effectiveness of a new allergy medication. Sixty people who reported they experience allergies were randomly assigned to one of two group

1 A line has a slope of -2 and a y-intercept of -2. What is the x-intercept of the line? A -4 B -1 C 1 D 4

what value would be returned based on the formula in cell d49?

Approaches of democracy

Mrs Ang bought k apples at 50% each from a supermarket. How much change did she receive if she paid $10 to the cashier? Express your answer in cents.