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

The measure of an angle is 34.6°. What is the measure of its complementary angle?
Any gîrls here interested in zööm
Subtract the following complex numbers: (11-7)-(16-11) A. 5+ 4i OB. 5-18i O C. -5-18i OD. -5+4i
i hate this brainly thing so so so much
In this type of governance the power is in the hands of one person​
Aiko says to find the LCM, you can just multiply the two numbers. As a teacher, how do you respond?​
Sam says, "All tigers have stripes." Bob says, "I see a tiger!" What conclusion can Sam draw? What Law did he use to reach that conclusion?
what is the meaning of a hybrid seed
Gavin was thinking of a number. Gavin subtracts 10 from it and gets an answer of 2.7. What was the original number?
I will give 50 points answer all why the order of the proof is correct d,a,c,b Please explan dosnt have to be super detailed haha 9. Order the steps below to co