michellbaidee michellbaidee

07-03-2022
Mathematics

contestada

a savings account earns 8% interest each year compounded monthly. if a person invest 100 and makes no further deposit or withdrawals what is the balance in the account after 3 years

Respuesta :

savcox758 savcox758

07-03-2022

It would be 76. 8% of 100 is 8 and 8x3 is 24. 100-24=76

Answer Link

Otras preguntas

How do tissues replenish the cells contained within them?

I'm REALLY bad at math and I would appreciate it SO MUCH if I got some help! Solve 5 ( m + 5 ) < 5m + 17 and 1 - 8s < -4 (2s - 1 )

Which Slavic peoples formed new kingdoms in eastern and Central Europe ?

Which offender-victim dyad has research show is most likely to result in execution??

What is the function of air holes in the soil? What is the major difference between MANURE AND HUMUS. MENTION 3 POINTS FOR EACH.... ASAP!!! Sometimes u people w

What is the cost to prepare a machine or process for production?

Why was bismarcks first goal as chancellor of germany to isolate france?

define 3 ways you can describe power

Why am I asked the 4th time to change my email & password?????

A rental car agency rents cars for $32 per day. They also charge $0.15 per mile driven. If you are taking a 5-day trip and have budgeted $250 for the rental car