Register
Sydney invests money in an account paying a simple interest of 4. 4% per year. If she invests $170 and no money will be added or removed from the investment, how much will she have in one year, in dollars
175k views
1 vote
Sydney invests money in an account paying a simple interest of 4. 4% per year. If she invests $170 and no money will be added or removed from the investment, how much will she have in one year, in dollars and cents?.

User Kieren Johnstone
by
5.0k points

2 Answers

3 votes

Answer: $177.48

Step-by-step explanation:

Given:

Invested: $170

Interest rate: 4.4%

Time: 1 year

I =
(P * R * T)/(100)


(170 * 0.044 * 1)/(100)

7.48

Amount = investment + interest

170 + 7.48

177.48

User Ashok Reddy
by
5.5k points
5 votes

Answer:

$3,863.63

Explanation:

User RonyK
by
4.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Misk Co. purchased the following securities during 20X7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities: I. Debt securities bought and held for the
Which of the following should be considered last when searching for financing? Family members Banks Commercial finance companies Credit cards I'm guessing it's C but idk
Explain the similarities and differences between how both producers and consumer use money
Donna's philosophy as she coordinates the marketing efforts is to keep in mind the company's overarching strategy, and to ensure that all marketing activities send a consistent message, beginning with
Brett buys a new cell phone for​ $100. he receives consumer surplus of​ $80 from the purchase. how much does brett value his cell​ phone?
Link Copied!