soqinasep5391 soqinasep5391
  • 04-02-2021
  • Mathematics
contestada

Savings account pays 3.6% per annum simple interest. Heidi puts £400 into the bank. How much will she have in the account after five years?

Respuesta :

samuelonum1
samuelonum1 samuelonum1
  • 06-02-2021

Answer:

$472

Step-by-step explanation:

Given data

Rate= 3.6%

Principal= £400

Time = 5 years

Let us apply the simple interest expression for the final amount A

A= P(1+rt)

substitute

A=400(1+0.036*5)

A=400(1+0.18)

A=400*1.18

A=$472

Hence she will have $472 in her account after 5 years

Answer Link

Otras preguntas

Which one is the right answer?
Please help me solve this
What can you infer about a telescope with a large aperture? * Its images are brighter and clearer than other telescopes. It can magnify things further away than
Which fact does the historical context reveal about the setting? The route to the gold fields was very challenging. Few people were headed to the gold fields. T
you have a permanent magnet whit remanent induction. than you cut a piec of that magnet. if you put that piece back into permanent magnet will the remanent indu
A circle has An area of 36 pi square inches which best represents the circumference of the circle.
what eye problem is making g most people go blind in north korea
What is the area of the triangle? Plsss help me
Using the grouping method to factor the polynomial below completely. x^3+2x^2+4x+8
I will mark brainliest!