Keelen Keelen
  • 10-08-2016
  • Mathematics
contestada

$3,000.00 and 8 percent interest compounded annually. what is amount after 1 year.

Respuesta :

Neuron
Neuron Neuron
  • 23-08-2016
If you would like to know the amount after 1 year, you can calculate this using the following steps:

8% of $3,000.00 = 8% * 3,000.00 = 8/100 * 3,000.00 = $240

$3,000.00 + $240 = $3,240.00

The correct result would be $3,240.00.
Answer Link

Otras preguntas

what should be added in the polynomial x3-6x2+11x+8 so that it is completely divisible by 1-3x +x2
x/2 = -5 solve for x
Can someone please help me
Scientists believe that most early mammals were: large very small medium sized none of the above
____________ can easily sweep pedestrians and vehicles downstream. 1 High Winds 2 rain 3 floodwaters
How did the US obtain control of the Oregon Territory?
Making Friends Online A survey conducted in March 2015 asked 1060 teens to estimate, on average, the number of friends they had made online. while 43% had not
Which statements are true about exponential decay functions? Check all that apply. The domain is all real numbers. As the input increases, the output increases.
A triangle can be formed with side lengths 3 in, 5 in, and 9 in.
the volume of a cone is 540pi. work out the height of the cone.