Register
sherrod deposits 500 each year in savings account earning 3% interest compounded annually. he makes no withdrawal. how much interest will the account earn after 3 years
71.4k views
0 votes
sherrod deposits 500 each year in savings account earning 3% interest compounded annually. he makes no withdrawal. how much interest will the account earn after 3 years

User Jalperin
by
6.2k points

1 Answer

3 votes
I=PRT
Let P be 500; R be 3% or .03; T be 3.

So, I=500 • .03 • 3

I think you can solve that.
User Abdelfattah
by
6.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.7m questions

8.9m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
Which of the following comparisons is false? 5° c is warmer than 5°f. 15° c is cooler than 60° f. 30° c is warmer than 90° f. 35° c is cooler than 100° f.
What is 0.12 expressed as a fraction in simplest form
arlos has $690,000 he wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing his money between three banks will guarantee that all of his money
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
Link Copied!