Seudónimo Seudónimo
  • 09-12-2016
  • Mathematics
contestada

You deposit $2,900 into a bank account with a simple interest rate of 10% how do you find your account balance after 5 years

Respuesta :

bobbynichols365
bobbynichols365 bobbynichols365
  • 09-12-2016
Formula: A = P(1 + rt)
P= 2,900
R= 10%
T= 5 years 

Answer: $4,350.00
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