soqinasep5391 soqinasep5391
  • 04-02-2021
  • Mathematics
contestada

Savings account pays 3.6% per annum simple interest. Heidi puts £400 into the bank. How much will she have in the account after five years?

Respuesta :

samuelonum1
samuelonum1 samuelonum1
  • 06-02-2021

Answer:

$472

Step-by-step explanation:

Given data

Rate= 3.6%

Principal= £400

Time = 5 years

Let us apply the simple interest expression for the final amount A

A= P(1+rt)

substitute

A=400(1+0.036*5)

A=400(1+0.18)

A=400*1.18

A=$472

Hence she will have $472 in her account after 5 years

Answer Link

Otras preguntas

Which type of faulty logic appears in these sentences? Mr. Miller’s views on media censorship are worthless. He is a fan of the Beatles.
Why is 4/16 equivalent to 0.25
whats really need some help2+2
2. The numbers 1 through 50 are written with red marker on slips of paper while the numbers 51 through 100 are written with blue marker on slips of paper. All t
Which is the correct Lewis dot structure of NH2-?
I need help with my Clock
Place the following American civilizations in chronological order. a.Maya, Aztec, OlmecB.Olmec, Maya, AztecC.Aztec, Olmec, MayaD.Maya, Olmec, Aztec
Someone anyone. Help please. Thanks in advance
Which of the following systems believes that the role of the government is only to promote competition and provide public goods? Capitalism Socialism Commun
A centimeter and millimeter differ from each other by a factor of _____ ?