afel5dpr4igKarrioCav afel5dpr4igKarrioCav

13-03-2017
Mathematics

contestada

Lester deposited 400 into a savings account earning 4.5% simple interest, and $450 into an investment account earning 3.2% interest compounded annually. what was the total interest he earned in 3 years

Respuesta :

Aliwohaish12 Aliwohaish12

13-03-2017

Simple interest earned
I=prt
I=400×0.045×3=54
Compound balance after 3 years
A=p(1+r)^t
A=450×(1+0.032)^(3)=494.597
Compound interest earned=494.597−450=44.597
Total interest earned=54+44.597==98.597

Answer Link

Otras preguntas

. The total distance from Keith's home to the office, then to the gym, and then back home is 44 miles, The distance from his home to the office is 6 miles more

which one is the hero A.ISIS B.NPA C.IRA D.Taliban

—¿Juan compró el reloj pulsera en la joyería? —No, ______ en una tienda.

What structure is employed in this sentence? “The murder that I have committed because I am forever robbed of all that she could give me, she shall atone.”

i need the answer to the below question

Describe significant facts about Judaism and Islam (think of holidays, beliefs, holy books, founder, etc)

The mean plus the standard deviation is:

How long after egg retrieval is frozen embryo transfer?.

How were Natives, African Americans and White Americans impacted by the Louisiana Purchase?

Explain why you can invest more stocks the younger you are?