MATHEMATICS HIGH SCHOOL

If ?2000 is placed into a bank account that pays 3% compound interest per year,how much will be in the account after 2 years?

Answers

Answer 1
Answer:

Answer:

The amount after 2 years in the bank will be $3,380.

Step-by-step explanation:

A=P(1+(R)/(n))^(nt)

A = Amount after t time period

P = Principal amount

R = Interest rate

n = Number of times interest applied per time period

We have:

P = $2000

R =3%=0.03

n = 1

t = 2 years

A=\$2000* (1+(0.03)/(1))^(1* 2)

A=\$3,380

The amount after 2 years in the bank will be $3,380.
Answer 2
Answer:

Answer:

There would be $2,120

Step-by-step explanation:

First figure out what 3% of 2000 is which is 60. Multiply the 60 by 2 to get 120 then add 120 to 2000

Related Questions

What is the sum of 2/5 and 2/4?
Chef Rita is cooking for a Sunday brunch. she knows that 22 pancakes can feed 8 people. She is wondering how many people she can feed with 55 pancakes. She assumes each person eats the same quantity of pancakes
Use the given measurements on the triangle to write the following trig ratios and answer the question that follows Please help!
the mean weight of 32 math students is 43.5. if the students could all stand on a scale together, what would their total weight be?
Amelin bought a tshirt for \$15 and 3 pairs of pants. She spent a total of $117 equation matches ?

Describe how to find the area of the patio

Answers

You must use the information you're given, together with everything you know about the area of various shapes, to translate the known into the solution for the unknown. Since you gave us none of the former, and we remain dubious concerning the scope and extent of the latter, there's no more that can be said.

What is the answer to this question
10+10x10

Answers

First use the rules. PEMDAS. The first thing is to multiply 10 * 10 = 100. Then next step is to add 10. = 110.
10 times 10=100 add 10=110
Hope this helped

If w = 7, what is the value of 21 - 2w?

Answers

do order off operations first
so 7 time 2 which is 14
then 21-14
which is 7
21-2(7)=
=21-14
=7
The answer is 7

Which expression is equivalent to -36 minus 8?

Answers

Answer:

The answer is

-36-8= - 44

The number of visitors to a small pumpkin patch that opened in 2003 increased each year as shown in the table. Predict the number of visitors in 2015, assuming the increase continues at this same rate. Year 2003 ,2004, 2005, 2006 ,2007, 2008
Visitors 310 332 355 380 406 434 Using the exponential growth formula y = b(1 + r)^t.

Answers

So the question ask, base on the growth formula in the problem, calculate the possible probability of the number of visitor in 2015 assuming the increase continues at the same rate and base on my calculation, the answer would be 697. I hope you are satisfied with my answer

Starting from a 130 feet away, a person on a bicycle rides towards a checkpoint and then passes it. The rider is traveling at a constant rate of 25 feet per second. The distance between the bicycle and the checkpoint is given by the equation: d = |130 - 25t|. At what times is the bike 15 feet away from the checkpoint? a. 4.6 sec and 9.2 sec

b. 2.9 sec and 5.8 sec

c. 4.6 sec and 5.8 sec

d. 2.9 sec and 3.3 sec

Answers

for this question you can say d = 15 feet so we need the t then you can say : 
15 = l 130 - 25t l ⇒ because of the absolute value you should say : 
1) 130 - 25t = 15  ⇒ -25t = 15 - 130 ⇒ - 25t = -115 ⇒ t = 115/25 = 4.6 sec 

2) 130 - 25t = - 15 ⇒ -25t = -15 - 130 ⇒ -25t = - 145 ⇒ t = 145/25 = 5.8 sec 
so the answer is c :))
i hope this is helpful 
have a nice day 

Answer:

The answer is C - 4.6 sec and 5.8 sec

Step-by-step explanation:

Hope this helps ✿
Other Questions
Tri City sells four times as many dishwashers as Solly Company. The difference between their sales is 96 dishwashers. How many dishwashers did each sell?
A study was produced which involved 800 randomly selected individuals. Each participant was asked to identify whether they were currently employed or not. 583 responded they were employed while 148 responded that they were not employed. Identify the problem with this study.loaded questions nonresponse correlation and causality self interest
1. what is the GCF of the terms of 8c^3+12c^2+10c? A.2B.4C.2cD.4c2. How can the polynomial 6d^4+9d^3-12d^2 be factored l?
A model is made of a car. The car is 8 feet long and the model is 10 inches long. What is the ratio of the length of the car to the length of the model?