Question

PLEASE HELP. VERY DESPERATE
suppose you deposit $1,000 in a savings account that pays interest at an annual rate no money is added or withdrawn from the account.

Answer 1

Where is the question?

Answer 2

what will the amount be after 4 years

Answer 3

You can use the formula for a simple interest rate which is
interest = principal * rate * time
You will need to know the interest rate though.

Answer 4

the interest rate is 6%

Answer 5

I = 1,000 * 0.06 * 4 = 240
so there will be $1,240 after 4 years.

Answer 6

what about after 17 years?

Answer 7

Just substitute 17 in for 4.

Answer 8

i dont get it? :(

Answer 9

You have the initial amount which is called the principal. You then multiply that by the amount of interest earned, 6%, converted into decimal form which is 0.06. Then multiply that by the amount of time.

Answer 10

For 17 years it would be
I = 1000 * 0.06 * 17 = 1020
Add that to the principal and you have your total after 17 years.
1020+ 1000 = 2020

Answer 11

for the account to contain 1,500 how long would it take?

Answer 12

Solve this equation:
1000 * 0.06 * x = 1,500

Answer 13

type a whole number

Answer 14

8 years

Answer 15

what about 2,000

Answer 16

16 years 8 months

Answer 17

kk thanks!:)

Answer 18

ps. YOUR A flutterING IDIOT WHO MADE ME GET IT WRONG

Answer 19

READ A MATH BOOK IDIOT