subject
Mathematics, 02.07.2020 18:01 studyoverload

Andy has $7,411 in a savings account. The interest rate is 11%, compounded annually. To the nearest cent, how much interest will he earn in 2 years?
Use the formula B = P(1 + r), where B is the balance (final amount), p is the principal
(starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
Submit
Please help :)


Andy has $7,411 in a savings account. The interest rate is 11%, compounded annually.

To the neare

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
The difference between tax advoidance and tax evasion
Answers: 1
question
Mathematics, 21.06.2019 17:30
Ineeeeed this is due tomorrow and i dont know the answer can you find all the exponents
Answers: 1
question
Mathematics, 21.06.2019 18:30
If, while training for a marathon, you ran 60 miles in 2/3 months, how many miles did you run each month? (assume you ran the same amount each month) write your answer as a whole number, proper fraction, or mixed number in simplest form. you ran __ miles each month.
Answers: 1
question
Mathematics, 21.06.2019 20:00
Prove that the value of the expression 7^8–7^7+7^6 is divisible by 43.
Answers: 1
You know the right answer?
Andy has $7,411 in a savings account. The interest rate is 11%, compounded annually. To the nearest...
Questions
question
Mathematics, 26.11.2019 01:31
Questions on the website: 13722361