Chon0eyej0aydir Chon0eyej0aydir
  • 03-02-2017
  • Mathematics
contestada

If a man has $1,500 in the bank and the annual interest rate is 5%, how much money will he have in the bank after 1 year?

Respuesta :

apologiabiology
apologiabiology apologiabiology
  • 03-02-2017
I=PRT
interest=I
P=principal
R=rate in decimal
t=time in years



P=1500
T=1
R=5%=0.05


I=1500 times 0.05 times 1
I=75

interst is 75
total amount is 1500+75=$1575 total
Answer Link

Otras preguntas

A radio is being discounted 20%.if the is sale of the radio is $51.44, what was the original price of the radio?
How does a reflex arc help to protect the human body from danger?
Which is necessary for a society to be considered a civilization? Choose all answers that are correct. A. a separation between leaders and workers B. a stable e
A store is having a sale to celebrate President's Day. Every item in the store is advertised as one-fifth off the original price. If an item is marked with a sa
Once you understand exactly how to perform each resistance training exercise, you should choose a weight that allows you to do how many repetitions.
Which development is most closely associated with the beginning of the Byzantine Empire? (1) emergence of the Russian Orthodox Church (2) division of the Roman
A 3-ohm resistor and a 6-ohm resistor are connected in parallel across a 9-volt battery. Which statement best compares the potential difference across each resi
Right after __________, Korea split into northern and southern halves. a. World War I b. the Russian Revolution c. the Cold War d. World War II
1. Who is Mao Zedong?
what is the solution to the equation 1/3 (9x-6)= 2x+3