bewellplus.gsu.edu
cadejock cadejock
  • 06-03-2014
  • Mathematics
Answered

what is the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years

Verified Answer :

iloveonedirection
iloveonedirection iloveonedirection
  • 24-07-2014

Step One: Calculate interest.

\(1150*0.09=103.5\)

Step Two: Calculate the amount at the end of the first year.

\(1150+103.5=1253.5\)

Step Three: Calculate the amount at the end of the second year. This will be your final answer.

\(1253.5+103.5=1357\)

$1357 balance

Answer Link

Related Questions

who invaded Roman territory in the third century
The AntiFederalist would limit the Federal government strictly to managing of foreign affairs coining of money the powers the constitution delegated to it
What is 2 4150 in percentage
Which Greek mathematician wrote the most definitive text on geometry one that is still referred to today
how many hours are in 10years
What is an example of a civil service job
If a law office charges 1600 for a full court day of 8 hours how much will it charge for 3 full court days
What is 7 divided by 819
List the 6 factors that can affect your health
A possible disadvantage to hearing this scene as opposed to reading it silently is the mrshale may not