benson4937 benson4937
  • 02-05-2020
  • Mathematics
contestada

What is the value 10 years from now of $200 deposited in an account earning 12% interest?


Respuesta :

Chelboy
Chelboy Chelboy
  • 02-05-2020

Answer:$440

Step-by-step explanation:

Principal(p)=$200

Rate(r)=12%

Time(t)=10years

Simple interest=(pxrxt) ➗ 100

Simple interest =(200x12x10) ➗ 100

Simple interest=24000 ➗ 100

Simple interest=240

Total amount=p + simple interest

Total amount =200+240

Total amount =440

Answer Link
einalem5665
einalem5665 einalem5665
  • 02-05-2020

Answer:240

Step-by-step explanation:

$200×12%=24

24×10=240

Answer Link

Otras preguntas

A poem that tells a story is called a
T/F: Approximately 30 to 50% of patients with anorexia also have symptoms of bulimia, which may complicate treatment.
Which of the following is NOT a method of effective communication? a. speaking politely b. using proper grammar c. making eye contact d. demanding attention
Although the Crusades led to an increase in travel and trade, Western Europe still had little interaction with the new cultures encountered. a. True b. False
expression of idea :-All that glitter is not good
After 1965, black civil rights leaders found it difficult to A. now support Hispanic rights in the United States. B. achieve economic equality in the North. C.
I am kind of confused. Help?
change 16/20 to tenths
a word for someone who is respectful level b unit 15
Developing poise under pressure and building self-esteem are benefits toward your __________. a. mental 6 b. social 6 c. physical 6 d. spiritual 6