choccocakee choccocakee

27-03-2020
Mathematics

contestada

FINANCE

Find the amount of compound interest (to the nearest cent) if $400 is invested for 3 months at 1% per month, compounded monthly

Please show full working out ty ;)

Respuesta :

meowmeowkitten64 meowmeowkitten64

27-03-2020

Answer:12.12

Step-by-step explanation:

100%+1%=101%/100=1.01

400 x (1.01)^3=412.12

412.12-400=12.12

Answer Link

Otras preguntas

When drafting a response to literature essay, what should the conclusion include? a lead a summary of the piece of literature a retelling of the plot a summ

Although there are disadvantages to physically dispersed teams, what advantage can physical distance provide for teams? select one: a. informal modeling b. awar

A 56 year-old pro golfer is having mohs micrographic surgery for skin cancer on his forehead. the surgeon performs the surgery with two stages. the first stage

WILL CHOOSE BRAINLIEST!!!! which of these statements is true? There is no danger from lightning if it is not raining. The rubber soles of shoes or rubber tires

What was one result of the growth of the suburbs

Read this excerpt from President Harry Truman's radio address to the American people on August 9, 1945. Then answer the question that follows. I realize the tr

A purse contains three $5 bills, four $10 bills, and two $20 bills. Two bills are selected without the first selection being replaced. Find P($10, then $5). Ty

Alcohol treatment options can vary depending upon the severity of an individual's alcohol problem. a. Trueb. False

Use the net to find the lateral area of the cylinder

Rick and jamie recently started dating. to commemorate their first month as a couple, rick surprised jamie when he picked her up at work in a rented limousine w