Register
BANKING Brayden deposited $2700 into a savings account that has an annual simple interest rate of 0.3%. Find the amount in the savings account after each number of years. 1/2 years 3 years 6 years
36.1k views
0 votes
BANKING Brayden deposited $2700 into a savings account that has an annual simple interest rate of 0.3%. Find the amount in the savings

account after each number of years.
1/2 years
3 years
6 years

User Anti Veeranna
by
7.3k points

1 Answer

2 votes

Answer:

After 1/2 Year: $2704.05

After 3 Years: $2724.30

After 6 Years: $2748.60

Explanation:

Use the equation A=P(1+rt) to solve for the amount in each savings account.

User Navoneel Talukdar
by
6.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.4m questions

11.1m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
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?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Link Copied!