isaiahblitzboy isaiahblitzboy
  • 25-01-2019
  • Mathematics
contestada

If shirley put $4000 in the bank at 6 percent interest compounded annually, how much would she have at the end of 2 years?

Respuesta :

zainebamir540
zainebamir540 zainebamir540
  • 25-01-2019

Answer:

$4480

Step-by-step explanation:

From the question statement, we observe that

Principal=$4000,    Interest rate=6 percent=.06  , No. of years=2 years

Interest= Principal×Interest rate×No. of years

Interest=4000×.06×2

Interest=$480

total= Interest+Principal

total= $4000+$480

total =$4480

She would have $4480 at the end of two years.


Answer Link

Otras preguntas

Compared to the size of the entire earth, the crust is very _____. a.thick b.deep c.thin d.wavy
Between 1910 and 1930, over 1.6 million african americans left the south and migrated to northern cities to find work. how did the experience of blacks in the n
what role did segregation play in maintaining the racial order in the south
Not getting enough sleep can do all of the following except a. cause injury to you b. guarantee you can fit everything in your schedule c. make you less alert d
A cube has the dimensions shown. What is the volume of the cube? How many smaller cubes with an edge length of 1/8 inch could fit inside the cube shown?
Simplify the expression 8(a+b)-3b+12
Please someone who to help me solve.
A(n ________ cpu has two processing paths, allowing it to process more than one instruction at a time.
The Kraken of nautical legend has not been discovered yet. True False
The carbon containing molecule found in the atmosphere that is often released by respiration is called