Mathematics

9 April, 21:25

What is the total amount after 2 years?

An initial amount of $600 is invested in a compound

savings account with an annual interest rate of 3.5%

1. Define variables

2. Substitute into formula

A = P (1+r)

3. Evaluate

What is the total amount after 4 years?

Intro

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “What is the total amount after 2 years? An initial amount of $600 is invested in a compound savings account with an annual interest rate of ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

What is 240 divided by 6

What is the converse of the following: "If I am hungry then l eat an apple." A. If I eat an apple then I am hungry. B. If I am hungry then I eat an apple. C. If I eat an apple then I am not hungry. D. If I'm not hungry then I don't eat an apple E.

Actual=7 scale1=7.033 scale2=6.91 scale3=7.1 which is most accurate? also which is most precise?

A rectangular garden is fenced on three sides with a wall forming the fourth The total length of the fence is 30 m. The area of the garden is 100 m². Find the dimensions of the garden.

Solve for x. 7 (x - 3) 3 (4 - x) = - 8 x = 1/4 x = 25/10 x = - 16/19 x = - 41/10

New Questions in Mathematics

Lisa sold $75 worth of play tickets. Adult tickets cost $4 each and children tickets cost $3 each. How many children's tickets could she have sold? is there more than one answer

Your brothers hourly wage is 4/5 of your sisters hourly wage. if your brother earns $10 per hour, what does your sister earn?

Jamal decides he wants to shop around for the best price for purchasing an advertisement space in a newspaper. One of the companies he contacts charges $2.00 for each line in the advertisement and an initial fee.

How does adding with decimals compare to adding whole numbers?

Scorpion was walking down the street he had 2 swords on his back but while he was walking Sub-Zero jumped on the back and took Scorpions sword while Sub-Zero already had 1 sword now how many swords does Sub-Zero have?