subject
Mathematics, 15.12.2021 01:00 babyskitt

Each year a certain amount of money is deposited in an account which pays an annual interest rate of r so that at the end of each year the balance in the account is multiplied by a growth factor of x = 1 + r. $1,000 is deposited at the start of the first year, and additional $300 is deposited at the start of the next year, and $500 at the start of the following year. Determine (to the nearest cent) the amount in the account at the end of three years if the interest rate is 4%.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 16:30, ptrlvn01
Aiden buys two bags of chips at $1.09 each and a 20 ounce soda for $1.20 at the gas station. he knows that the state tax is 5.5. how much change will he receive from a $5 bill?
Answers: 1
image
Mathematics, 21.06.2019 17:00, bryannnnv
Can someone answer this question? : )
Answers: 1
image
Mathematics, 21.06.2019 19:30, spotty2093
Your food costs are $5,500. your total food sales are $11,000. what percent of your food sales do the food costs represent?
Answers: 2
image
Mathematics, 21.06.2019 21:00, ijohnh14
Suppose a gym membership has an initial enrollment fee of $75 and then a fee of $29 a month. which equation models the cost, c, of the gym membership for m months?
Answers: 1
You know the right answer?
Each year a certain amount of money is deposited in an account which pays an annual interest rate of...

Questions in other subjects: