Jackietejeda45htsy Jackietejeda45htsy

09-10-2020
Mathematics

contestada

A deposit of $10,000 is made into an account that earns 6% interest. Use
your simple interest formula, I=Prt, to calculate the balance after 15 years

Respuesta :

sqdancefan sqdancefan

09-10-2020

Answer:

$19,000

Step-by-step explanation:

The balance is the sum of the principal amount and the interest it earns:

A = P + I

A = P + Prt

A = P(1 +rt)

A = $10,000(1 +.06×15)

A = $19,000 . . . balance after 15 years

Answer Link

Otras preguntas

What are two pull factors that have drawn immigrants of the past and present to the United States? Choose two correct answers. A overpopulation B job opportun

what is the measurement of SRT A: 101 degrees B: 79 degrees C: 99 degrees D: 69 degrees

why was thomas paine commom sense important

what sentence type is It was Sam who paid for the drinks.

Stock for the Jones Corporation starts with a value of $39.63 and gains $0.30 in value per month. Stock for the Overton Company starts with a value of $24.45 an

True or false? An organism may play more than one role in a food web

One reason the Spanish Armada attacked English because.... * England had found a water to Asia. France and English had claimed land in North America. Spain want

The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 45,650 Current assets $ 19,020 Long-term debt $ 37

Which of these fractions are equivalent to -3/2

If chris measured the length of a line segment and rounded his answer to the nearest centimetre and get 6cm what is the accurate statement about the actual meau