Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

Winston deposited $ 3,294 in a bank account with an annual interest rate of 2.6 % . How much interest was earned in 5 years

Winston deposited $ 3,294 in a bank account with an annual interest rate of 2.6 % . How much interest was earned in 5 years if it was calculated on the principal amount, based on simple interest? Round your answer to two decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus Early Transcendentals

Authors: James Stewart

7th edition

538497904, 978-0538497909

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Carry out the details of the proof of Lemma 2.

Answered: 1 week ago

Question

★★★★★

The 0.6-kg slider is released from rest at A and slides down the smooth parabolic guide (which lies in a vertical plane) under the influence of its own weight and of the spring of constant 120 N/m....

Answered: 1 week ago

Question

★★★★★

12. Search the Internet to find examples of how intelligent systems (especially ES and intelligent agents) facilitate activities such as empowerment, mass customization, and teamwork.

Answered: 1 week ago

Question

★★★★★

The marketing department of Jessi Corporation has submitted the following sales forecast tor the upcoming fiscal year (all sales are on account): The selling price of the companys product is $18.00...

Answered: 1 week ago

Question

★★★★★

Winston deposited $ 3,294 in a bank account with an annual interest rate of 2.6 % . How much interest was earned in 5 years if it was calculated on the principal amount, based on simple interest?...

Answered: 1 week ago

Question

★★★★★

QUESTION 2 What are the y-traces (traces parallel to the xz-plane) for the surface z = 3x - 5y 2? ellipses lines circles parabolas hyperbolas

Answered: 1 week ago

Question

★★★★★

Great West States (GWS) is a railroad company operating in the Western United States. Juanita Salazar is the risk manager of GWS. At the direction of the company's chief executive officer, she is...

Answered: 1 week ago

Question

★★★★★

The granite sample has a mass of 24.31 g and a volume of 9.35 cm3. What is the density of the granite? d = [ ? ] g/cm density (g/mL)

Answered: 1 week ago

Question

★★★★★

a) In a constant-temperature atmosphere around Earth, the pressure of nitrogen gas at the altitude of Everest is 0.37 times its value at sea level. What is the corresponding ratio for argon gas? ( An...

Answered: 1 week ago

Question

★★★★★

Construct the amortization schedule for a $2,000 debt that is to be amortized in four equal quarterly payments at 2.5% interest per quarter on the unpaid balance.

Answered: 1 week ago

Question

★★★★★

Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU)...

Answered: 1 week ago

Previous Question Next Question