Mathematics: If ? 20000 is placed into a bank account that pays 3% compound interest per year how much will be in the account after 2 years.

If ? 20000 is placed into a bank account that pays

Ответ:

fatherbamboo

10.03.2022

$21,218

Step-by-step explanation:

$A = P\bigg(1 + \dfrac{r}{n}\bigg)^{nt}\\\\\circ \text{A is the Accrued Amount}\\\circ \text{P is the Principle (amount invested)}\\\circ \text{r is the interest rate (convert percent into a decimal)}\\\circ \text{n is the number of times per year that interest is earned}\circ \text{t is the time}\\\\\text{In the given problem:}\\A=unknown\\P=20,000\\r=3\%\ \rightarrow 0.03\\n = 1\\t = 2\\\\A = 20,000\bigg(1 + \dfrac{0.03}{1}\bigg)^{(1)(2)}\\\\A = 20,000(1+0.03)^2\\\\A = 20,000(1.03)^2$

$A=20,000(1.0609)\\\\A=21,218$

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Ответ:

charliesteioff14

25.02.2021

Mathematics

450 liters

Step-by-step explanation:

It is given that the orchard produces 3000 pounds of oil in a year

Again, we're told that 20 pounds of olives makes 3 liters of oil

Then we're asked to find how many liters of oil the orchard can produce in a year.

If 3000 pounds of olives gets produced in a year

If 20 pounds of olives makes 3 liters of oil, then 3000 pounds of olives will make

3000 / 20 * 3 liters of oil

150 * 3 liters of oil

450 liters of oil

Essentially, the 3000 pounds of olive that the orchard produces in a year will produce a total of 450 liters of oil in a year also

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If ? 20000 is placed into a bank account that pays 3% compound interest per year how much will be in the account after 2 years.

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