artcas8693 artcas8693
  • 16-12-2021
  • Mathematics
contestada

Lindsey invests $250 in a bank account that pays 3% intersect each year. How much money will be in her account after one year?

Respuesta :

Snor1ax
Snor1ax Snor1ax
  • 16-12-2021

Answer: $257.5

Step-by-step explanation:

Use the simple interest formula

I=Prt

3% = 0.03

I = ($250)(0.03)(1 year)

I = $7.5

Total Amount = Principle + Interest Accrued

= 250 + 7.5

TA = $257.5

Answer Link

Otras preguntas

In the Call of the Wild, Buck did not fight back when Hal was beating, him because? My answer is that he did not have the strengh
Seth traveld 1 mile in 57.1 seconds. About how fast does Seth travel in miles per hour
What is a good estimate for
What is an irregularity leading to cancer?
What problems or issues might a company face if it has shortage of one or more factors of production?
Describe the ideal qualities of time management goals.
ahh please help meee
The cost of a laptop computer in 2007 was 1,250.in 2009 the price decreased to 1,100.find the percent decrease in the price of the laptop in 2007 to 2009
What is the five-number-summary of the following data set? Write the numbers separated by commas. 45 8 51 47 31 45 12 55 48
19 1/2 divided by 3/4