For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t.
$600 for 4 years at 5%
What is the final balance for an account starting with $2000 at 3.5% interest compounded annually for 3 years? A = P(1 + r)t
Tucker invested $3500 at 2% interest compounded annually. How much interest will he earn in 3 years?
Lindsay invested $4500 at 4% interest compounded annually. How much interest will she earn in 10 years?
Sunshine Bank offers 6% simple interest on deposits. Tangerine Bank offers 5% interest compounded annually. State the difference in final balances if $2000 is deposited in each bank for 2 years.
Type your question here (or upload an image)
Brown University1271 Tutors
California Institute of Technology2131 Tutors
Carnegie Mellon University982 Tutors
Columbia University1256 Tutors
Dartmouth University2113 Tutors
Emory University2279 Tutors
Harvard University599 Tutors
Massachusetts Institute of Technology2319 Tutors
New York University1645 Tutors
Notre Dam University1911 Tutors
Oklahoma University2122 Tutors
Pennsylvania State University932 Tutors
Princeton University1211 Tutors
Stanford University983 Tutors
University of California1282 Tutors
Oxford University123 Tutors
Yale University2325 Tutors
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?
Business & Finance
How it Works
Become a Tutor
Media & Press
Studypool inc. © 2015
Studypool is a marketplace that helps students get efficient academic help.