subject
Mathematics, 21.04.2021 18:10 leannamat2106

A business has a savings account that earns a 3% annual interest rate. At the end of 1996, the business had $4,000 in the account. The formula F
=
p
(
1
+
r
100
)
t
is used to determine the amount in the savings account.

F is the final amount,
p is the initial investment amount,
r is the annual interest rate, and
t is the time in years.
To the nearest dollar, how much did the business initially invest in 1991?
A.
$4,631

B.
$3,450

C.
$4,637

D.
$3,455

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
Me! last question, and i'm stuck! write the algebraic expression that models the word phrase. the product of 2 divided by the number h and 8 more than the number k
Answers: 1
question
Mathematics, 21.06.2019 18:00
Aschool puts on a play. the play costs $1,200 in expenses. the students charge $4.00 for tickets. there will be one performance of the play in an auditorium that seats 500 people. what is the domain of the function that shows the profit as a function of the number of tickets sold?  
Answers: 2
question
Mathematics, 21.06.2019 19:00
You are at a restaurant and owe $38 for your meal. you want to leave a 20% tip. how much will your tip be?
Answers: 1
question
Mathematics, 21.06.2019 20:00
Given ab and cb are tangents of p, and m =10°. what is the measure of abp?
Answers: 1
You know the right answer?
A business has a savings account that earns a 3% annual interest rate. At the end of 1996, the busin...
Questions
Questions on the website: 13722367