tigerstar34
tigerstar34
08-12-2017
Mathematics
contestada
has to do with interest rate
Respuesta :
Edufirst
Edufirst
08-12-2017
1) Value of the stock after n years = 60 (1.03)^n
Where 1.03 means that the yearly interest, i.e when n = 1 is 3%
2) After 7 years the interests are: (1.03)^7 = 1.23, which means a total interest rate over the 7 years of 23%.
Answer: 23%
Answer Link
VER TODAS LAS RESPUESTAS ( 67+ )
Otras preguntas
Chemical name for Fe2O3?
4x + 12 = -7y -y + 12 = 4x Solve with elimination
how do I solve this problem (5.21 x 10^-5)^2
how did oasis towns benefit the silk road
Molarity. 0.5 GRAMS of sodium chloride is dissolved to make 0.05 liters of solution. would it be the same as.. 0.5 MOLES of sodium chloride is dissolved to mak
Which group took over the Russian government in 1917?
On Wednesday Heather ran 3 miles in 30 minutes. If she ran for 45 minutes at this rate on Thursday, how far did Heather run on Thursday?
imagine that the number 2 button on your calculator is damaged and cannot be used.use a flow chart to show 3 different ways in which you can calculate 24x12
. What is the slope of the line with the equation 2x + 3y + 6 = 0 ?
what river flows across the entire state of alaska?
