someonerandom000 someonerandom000

27-04-2021
Mathematics

contestada

Bob wants to buy a car. He puts $8,000 in a savings account that has a
simple interest rate of 4%. If he leaves his money in the account for 3
years, how will be in his account in TOTAL after 3 years?"

A-$960

B-8,960

C-7,040

D-$320

Respuesta :

sqdancefan sqdancefan

29-04-2021

9514 1404 393

Answer:

B. $8,960

Step-by-step explanation:

Use your number sense.

If the account earns interest, the balance will increase from the initial deposit of $8000. The only sensible answer choice is B, $8960.

__

If you want to actually figure it out, the balance is given by ...

A = P(1 +rt)

A = 8000(1 +0.04·3) = 8000(1.12) = 8960 . . . . matches choice B

Answer Link

Otras preguntas

Please select the word from the list that best fits the definition the idea that a country gains power by building up a supply of gold and silver

see attachment ❣️.

Which theoretical approach focuses on understanding how mental health conditions are related to non-secure attachment styles, maladaptive coping strategies, and

Mr. Brown' hotel bill i $140. He leave 12% of the hotel bill a a tip for the houekeeping ervice. How much i Mr. Brown leaving a a tip?

Please select the word from the list that best fits the definition this invisible barrier prevents a woman from gaining upper-level positions in business.

In the coordinate plane, line q has slope 6 and y-intercept (0, 8). Line p is the result of dilating line q by a factor of 4 with center (0, 4). What is the y-i

A frog in a hemispherical pod (see fig. ) just floats without sinking into sea water with density 1. 35g / c * m ^ 3 if the pod has radius 6 cm and negligible m

Suppose that R(x) is a polynomial of degree 13 whose coefficients are real numbers. Also, suppose that R(x) has the following zeros. 2, -4, 3i, -4+i Answer the

What does she need from the food she ate and the air she breathes so that she can go on her run?.

Mackenzie ha ome red, yellow and blue marble. She ha 3200 more red marble than yellow marble. She ha 3840 more blue than yellow. She give 1490 blue marble away.

ACCESS MORE