Seudónimo Seudónimo

12-02-2017
Mathematics

contestada

Nicole deposited $2,000 at 6% simple interest. How long will it be before she has $2,600 in her account?

Respuesta :

12-02-2017

FV=PV(1+r)ⁿ

FV=Future Value, or the $2,600 that you want.
PV=Present Value, or the value that you are depositing.
APR: .06

2,600=2,000(1.06)ⁿ
2,600=2120ⁿ
It would take about a year for Nicole to get $2600.

~Hope I helped~

Answer Link

Otras preguntas

Which of the following is a major factor that distinguishes service design and development from manufacturing design and development? the service process and se

Which statement about Egyptian, Byzantine, and Japanese decorative containers is true? A. They had few or no symbolic images. B. They could be used for s

Which linear function has the steepest slope? (A y=-2/5 x+3) (B y=1/2 x-5) (C y=-6x + 1) (D y=4x-2)

Ok I need help in algebra here's a problem 9x^2-6x+1

how many lines of symmetry does the figure have? A. 4 B. 3 C. 2 D. 1

Which of the following is another term for the implementation of the Embargo Acts? a. peaceable coercion b. defensible coercion c. Objective Coercion d. Sub

anyone know the answer to this

Using the rules for significant figures, what do you get when you add 24.545 and 307.3

Write an equation to represent the statement: 8 times x is 40?

For the reaction N2(g) + 3H2(g) 2NH3(g), what will happen if hydrogen gas was removed from the reaction mixture?