$1, 000 after 2 years at an interest rate of 3.0% is $ round up to the nearest cent

Question

01-07-2016
Mathematics

contestada

$1, 000 after 2 years at an interest rate of 3.0% is $ round up to the nearest cent

Respuesta :

Otras preguntas

Which statement is true because the national government was not able to raise taxes under the Articles of Confederation? The states directly paid for everythin

Account Title Debit Credit Cash $ 7,800 Accounts receivable

A solution of 0.170 mol/l ion strength is prepared using NaNO3 (solid) and Na2SO4 (solid). Calculate the mass of each salt that is required to prepare 250 mL o

John worked at a steel mill for 25 years. A recessionary economy and competition with foreign steelmakers forced the closing of the mill. At the age of 45, John

Whose epithet is god of the sea-blue mane?

What is the surface area of this figure? Round your answer to the nearest tenth. Please show work. Thx

a special sales order decision, the special price must exceed the variable cost of filling the order. In other words, the special order must have A. a positiv

2. A mineral has a mass of 25 g and a volume of 5 cm°. What is its density?

Cynthia finds a spreadsheet on her desk. It has rows and columns of numbers, such as 37, 28, 91, and 12, but Cynthia is not sure what the numbers mean. Which te

meerkat18 meerkat18 · Answer 1 · 2016-07-01T17:16:19+02:00

meerkat18 meerkat18

01-07-2016

This may be a simple interest computation.

Simple Interest = Principal * interest rate * term

Principal = 1,000
interest rate = 3%
term = 2 years

Simple Interest = 1,000 * 0.03 * 2
Simple Interest = 60

Total Amount after 2 years: 1,000 + 60 = 1,060

Answer Link