Suppose that you have $1400 in a savings account. The bank pays 1.5% annual simple interest. What would be the interest paid after 3 months? What is the balance in the account?

You should have $1,463.95

Step-by-step explanation:

The formula for this is A=P(1+r)^x

P being the initial amount, r being the percentage, and x being the time passing.

1. Write out the equation: A=1400(1+0.015)^3

REMEMBER- writing percentages into decimals is moving the decimal point two times to the left--or dividing by 100!

2. Parentheses: 1400(1.015)^3

At this point, you're going to want to do exponents first (PEMDAS). If you're typing this into a calculator it should just give you the answer right away with the full equation.

3. 1463.95 (rounded to the nearest hundredth).

**I apologize if this is wrong; I haven't done it in a while so I don't know if I did 3 years or 3 months.. lol. That's probably not helping with the confidence level, but good luck!

any options?

step-by-step explanation:

step-by-step explanation:

we can use this expression to calculate the energy gain as a particle moves with a field or the energy loss as it moves against it. (note that it is also used to define the electron-volt, a unit of energy equal to that gained by an electron as it falls through a pd of 1 v, i.e. w = 1 ev = 1.6 10-19 c 1 v = 1.6 10-19j).in fact this expression is really nothing more than the statement that potential is the potential energy per unit charge. in this case, v= w/qis simply stating that the change in potential energy(or work done) per unit charge is equal to the change in potential (or potential difference), v.student questions: uniform electric fields2electron beamcathode+5 kvanode0 v