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anonymous
 5 years ago
PLEASE HELP. VERY DESPERATE
suppose you deposit $1,000 in a savings account that pays interest at an annual rate no money is added or withdrawn from the account.
anonymous
 5 years ago
PLEASE HELP. VERY DESPERATE suppose you deposit $1,000 in a savings account that pays interest at an annual rate no money is added or withdrawn from the account.

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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Where is the question?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0what will the amount be after 4 years

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0You can use the formula for a simple interest rate which is interest = principal * rate * time You will need to know the interest rate though.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0the interest rate is 6%

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0I = 1,000 * 0.06 * 4 = 240 so there will be $1,240 after 4 years.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0what about after 17 years?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Just substitute 17 in for 4.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0You have the initial amount which is called the principal. You then multiply that by the amount of interest earned, 6%, converted into decimal form which is 0.06. Then multiply that by the amount of time.

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0For 17 years it would be I = 1000 * 0.06 * 17 = 1020 Add that to the principal and you have your total after 17 years. 1020+ 1000 = 2020

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0for the account to contain 1,500 how long would it take?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Solve this equation: 1000 * 0.06 * x = 1,500

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ps. YOUR A flutterING IDIOT WHO MADE ME GET IT WRONG

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0READ A MATH BOOK IDIOT
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