$1, 000 after 2 years at an interest rate of 3.0% is $ round up to the nearest cent

Question

01-07-2016
Mathematics

contestada

$1, 000 after 2 years at an interest rate of 3.0% is $ round up to the nearest cent

Respuesta :

Otras preguntas

What is one difference between proadvisor discount and direct discount pricing, apart from who pays for the subscription?

Jannet walked 1 2/3 of a mile and her brother jamie walked 2 4/5 of a mile. How much did they walk all together

a 2 gallon container of window cleaner costs $11.52. what is the price per cup?

please helppp!!! Angle Y is inscribed in the circle below. The measure of arc XZ is 205°. What is the measure of angle Y?

find the sum. 1-2+3-4+5-6+7-8...99-100

PLEASE HELP ASAP solve for x

A teacher has a large container of blue, red, and green beads. she reports to the students that the proportion of blue beads in the container is 0.30. the stude

Which best explains the role the huns played in romes collapse

Choose the sentence that most logically follows each statement.* Jorge y María siempre leen y hacen su tarea. Your answer: O Son pacientes. O Son perezosos. O S

meerkat18 meerkat18 · Answer 1 · 2016-07-01T17:16:19+02:00

meerkat18 meerkat18

01-07-2016

This may be a simple interest computation.

Simple Interest = Principal * interest rate * term

Principal = 1,000
interest rate = 3%
term = 2 years

Simple Interest = 1,000 * 0.03 * 2
Simple Interest = 60

Total Amount after 2 years: 1,000 + 60 = 1,060

Answer Link