Business: You have $ 1 comma 000 and a bank is offering 5.0 % interest on deposits. if you deposit the money in the bank, how much will you have in one year?

You have $ 1 comma 000 and a bank is offering 5.0 - id1000504798580, acostasilvana1osw8tk

Ответ:

mrsclnantambu5956

16.01.2022

Business

Answer : The amount after 1 year will be, $1050

Explanation : Given,

Principle = $1000

Time = 1 year

Rate = 5.0 %

Formula used :

$A=P(1+\frac{R}{100})^t$

where,

A = amount

P = principle

R = interest rate

T = time

Now put all the given values in the above formula, we get:

$A=P(1+\frac{R}{100})^t$

$A=\$ 1000(1+\frac{5.0}{100})^{1}$

$A=\$ 1050$

Therefore, the amount after 1 year will be, $1050

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Ответ:

wolfsaway

09.05.2021

Business

In business, there are four main types of financial transactions, and they include sales, purchases, receipts, and payments. All financial transactions that occur have an effect on at least two accounts, depending on the type of transaction.

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You have $ 1 comma 000 and a bank is offering 5.0 % interest on deposits. if you deposit the money in the bank, how much will you have in one year?

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