Register
john's parents deposited $1000 into a savings account as a college fund when he was born.how much will john have in this account after 18 years simple interest rate of 3.25%
135k views
2 votes
john's parents deposited $1000 into a savings account as a college fund when he was born.how much will john have in this account after 18 years simple interest rate of 3.25%

User Brother Woodrow
by
8.0k points

2 Answers

3 votes
The answer is 941.50.....
User SriTeja Chilakamarri
by
7.8k points
0 votes
3.25 x 18 = 58.50
1000 - 58.50 = 941.50

Answer is 941.5
User Iozee
by
7.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.6m questions

11.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!