Chon0eyej0aydir Chon0eyej0aydir

03-02-2017
Mathematics

contestada

If a man has $1,500 in the bank and the annual interest rate is 5%, how much money will he have in the bank after 1 year?

Respuesta :

apologiabiology apologiabiology

03-02-2017

I=PRT
interest=I
P=principal
R=rate in decimal
t=time in years

P=1500
T=1
R=5%=0.05

I=1500 times 0.05 times 1
I=75

interst is 75
total amount is 1500+75=$1575 total

Answer Link

Otras preguntas

The United States and WWI: Explain 3 causes and 3 effects that led the United States to declare war on Germany in April 1917?

HURRY BRAINLIEST AND 45 POINTS!!!!

What was a reason for the failure of socialism to take root in the united states?

NEED HELP ASAP WILL GIVE BRAINLIEST. What is the element that has the atomic number of 17?

the human body is composed of organ systems which list represents a system organized from least to most complex

What are 2 similarities in government in ancient India and ancient Egypt? What are 2 differences in government in ancient Inida and ancient Egypt? Please help!

Find the inverse of the quadratic function. f(x)=x²-2 for x<0

Why do we need gametes?

An electron with velocity v = 1.0 ´ 106 m/s is sent between the plates of a capacitor where the electric field is E = 500 V/m. If the distance the electron trav

What is the correct choice?