soqinasep5391 soqinasep5391
  • 04-02-2021
  • Mathematics
contestada

Savings account pays 3.6% per annum simple interest. Heidi puts £400 into the bank. How much will she have in the account after five years?

Respuesta :

samuelonum1
samuelonum1 samuelonum1
  • 06-02-2021

Answer:

$472

Step-by-step explanation:

Given data

Rate= 3.6%

Principal= £400

Time = 5 years

Let us apply the simple interest expression for the final amount A

A= P(1+rt)

substitute

A=400(1+0.036*5)

A=400(1+0.18)

A=400*1.18

A=$472

Hence she will have $472 in her account after 5 years

Answer Link

Otras preguntas

graph y=3sinx and y=sin 3x on the same axes. label the graph of each function.
the graph below shows the distribution of students grades on their last math test. Based on the Empirical rule, what percent of students made.. *btwn 80 n 85 o
A particle travels in a circle of radius 82 cm and with a centripetal acceleration of 4.7 m/s2. How long does the particle take to complete one revolution?
Which expression can be used to change 75 kilometers per hour to meters per minute?
how can bureaucratic personality be dangerous
the graph below shows the distribution of students grades on their last math test. Based on the Empirical rule, what percent of students made.. *btwn 80 n 85 o
find a common solution for each system of equations: y=3x+5 y=-5x-3
Multiply these fractions (Lowest Terms) a) 2 x 3/4 b) 3 x 3/5 c) 4 x 1/3 d) 6 x 2/5 e) 1/2 x 1/4 f) 4/5 x 2/3 g) 5/6 x 3/4 h ) 1/10 x 2/3 i) 2 1/5 x 1/
how do u find the area of a triangle
How do I solve for x? X+6x=56