Rongatlabayan Rongatlabayan
  • 16-09-2020
  • Mathematics
contestada

14. Mark deposits $2000 into an account that pays an interest rate of 3.5% compounded annually. He doesn’t add or remove money from his account for 4 years. How much money will Mark have in 4 years?

Respuesta :

lLillith
lLillith lLillith
  • 16-09-2020

Answer:

$295.05

Step-by-step explanation:

2000×103.5%

=2070

2070×103.5%

=2142.45

2142.45×103.5%

=2217.436

2217.44×103.5%

=2295.05

Answer Link

Otras preguntas

Did the pilgrims want freedom of religion
Explain what the quote means in your own words "Aging is not just decay, you know. it's growth. it's more than the negative that you're going to die, it's the p
How does the theme differ from the subject?
5 less than the quotient of a number n and 4 is m
What is the square root of 500 divided by 2 x pi?
how to solve 2 1/4 - 1 1/2
Which practices can be used to protect our supply of freshwater? (MORE THAN ONE ANSWER) decrease biodiversity improve waste management systems increase conserv
Cada verano, Claudia y yo ________________ la playa en las vacaciones. visitábamos visité visitaste visitaban
Why is a bank more likely to offer you credit if you have a cosigner with good credit?
Explain one way in which the Back to Africa Movement was not successful.