krystalgarza1221
krystalgarza1221 krystalgarza1221
  • 08-03-2021
  • Mathematics
contestada

1 1) $940 at 8.8% for 2 years 2. A) $1,146.80 B) S82.72 C) $1,022.72 D) $220.65​

Respuesta :

PiaDeveau PiaDeveau
  • 12-03-2021

Answer:

Final Amount = $1,112.72 (Approx.)

Step-by-step explanation:

Given:

Amount deposit = $940

Rate = 8.8%

Time = 2 year

Find:

Final Amount

Computation:

Final Amount = P[1+r]ⁿ

Final Amount = 940[1+8.8%]²

Final Amount = $1,112.72 (Approx.)

Answer Link

Otras preguntas

what does the path of an object look like when it is in uniform motion ?
how many grams of NH3 can be prepared from 85.5 grams of N2 and 17.3 grams of H2 ?
why are lungs divided into very small sac like structures
define: primary and secondary coils
The interior angles in a regular polygon are 140 degrees. How many sides has the polygon? it could be something to do with s=(n-2) x 180
How did the Black Hand contribute to World War 1?
What is meant by anterior and posterior region in our body?
how is the resistor of a 40v lamp higher then the resistor of a 60v lamp?
Why did Chinese believe the Tang struggled with crop failures and government problems?
what if the bird sitting on tansmission wire touches both terminal's wire ?why