marissa18293 marissa18293

24-05-2020
Mathematics

contestada

lan is investing $4,800 for 2 years. The interest rate is 5.5%. How much interest will lan earn after 2 years?

Respuesta :

MathPhys MathPhys

24-05-2020

Answer:

$542.52

Step-by-step explanation:

First, find the total amount.

A = P (1 + r)ᵗ

A = 4800 (1 + 0.055)²

A = 5342.52

Now find the interest.

I = A − P

I = 5342.52 − 4800

I = 542.52

Answer Link

Otras preguntas

Comprehension includes the ability toA. Retain information.B. Learn information.C. Delete information.D. Process information.

To correctly format a hard-copy interoffice memorandum, which of the following is not a guideline you should follow? a) Include a clear subject line b) Avoid us

You are jumping vertically up from a 3 m springboard to dive into a pool below. If you take off with an upward speed of 3.6 m/s, at what speed will you hit the

The best drivers are who watch and prepare for hazard. This called the _______ driving:a. attentiveb. defensivec. cautiousd. responsible

Meat cooked in a microwave oven must be heated to what minimum internal temperature?

In an effort to maintain the support of their populations, governments began to rely on which new element of their societies? a) Military alliances b) Industria

Ads for cosmetics and personal care products acknowledge the fact that people want to protect their self-images from inner feelings of doubt. This is consistent

Terry Dunbar bought a sofa in the United States for $740. He was charged 8% sales tax. When the sofa was brought over the border, an extra 3% duty was charged o

given the following linear demand forecast: demand = 50 10 x (where x is the desired forecast period), what is the predicted forecast at period 3? a) 80 b) 63 c

Why is a functional analysis usually problematic for treating pica? Fisher et al. (1994) a) Limited data collection b) Difficulty in identifying reinforcers c)