liztiejnzd liztiejnzd

15-06-2016
Mathematics

Answered

What is the future value in one year of an account that has $450 deposited in it, and earns a 2.1% annual interest rate?

Verified Answer :

meerkat18 meerkat18

15-06-2016

Answer:
The future value of the account that has $450 deposited and 2.1% annual interest rate in one year will be $459.45

Solution:
First convert the percent rate into a decimal, 2.1% to 0.021.
Second multiply account deposited to your rate then you will get $9.45
Third add the interest rate to your account deposited then you will get $459.45

Answer Link

Related Questions

convert phenol to anisole

42 times what equals 6

WRITE Math How are a common denominator and a common multiple alike and different

Evaluate the summation of 3 times negative 2 to the n minus 1 power from n equals 1 to 5 2 points 93 33 33 93

Phases of menstral cycle in human

Where did the majority of European immigrants reside in the late 1800s

Which number rounds to 600 when rounded to the nearest whole number

In converting 105 seconds to minutes what unit omit the number would you place in the denominator of your ratio Use the plural form in your answer Remember that

ASAP please thanks Good night Brainiacs

The Navajo and Pueblo Indians create large circular sand paintings as part of traditional healing ceremonies How much more circumference does a sand painting wi