jaquanpakeera jaquanpakeera
  • 01-05-2020
  • Mathematics
contestada

Mackenzie has $70 in a savings account. The interest rate is 5%, compounded annually.

To the nearest cent, how much will she have in 1 year?

Respuesta :

danilobabaglio
danilobabaglio danilobabaglio
  • 01-05-2020

Answer:

She will have $73.5 in 1 year

Step-by-step explanation:

She has $70 and the interest rate is 5% so we need to add 5% to the initial value

x = $70 + $70 * 5%

5% = 5/100

x = $70 + $70 * 5/100

x = $70 + $3.5

x = $73.5

She will have $73.5 in 1 year

Answer Link

Otras preguntas

If f(x) is 4x-3 what is (f^-1of) (10)
Hey, need some help reverent A. respectful B. respect C. reply D. to spoil
Write a complete reaction of succinic acid and acetic anhydride
The Commissariat established by Frederick William in Prussia became A. the overseer of the army. B. an agency of civil government. C. both a military and civil
An object with mass 60 kg moved in outer space. When it was at location < 13, -19, -3 > its speed was 3.5 m/s. A single constant force < 220, 320, -120
What are the characteristics of mass culture?
wats the 60% off a prize that is $20.00
lara has a tin of peanuts cashews and pecans she will pick a second nut without looking. how many outcomes are there for her two picks?
List all integers between -0.6 and 4.17 THANK U
lara has a tin of peanuts cashews and pecans she will pick a second nut without looking. how many outcomes are there for her two picks?