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OpenStudy (anonymous):
medal! and i'll fan every one who answers. how much interest is earned on $2,700 in one year if it is invested at 3%? A. $8.10 B. $81.00 C. $810.00
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OpenStudy (nurali):
F = P(1+i)^n F = future worth of $ P = present worth of $ i=interest n=years F = 2700(1+0.03)^1 F = 2781 So interest = 2781-2700 = $81
OpenStudy (anonymous):
thanks!
OpenStudy (nurali):
My Pleasure.
OpenStudy (anonymous):
@self_made16
OpenStudy (anonymous):
b
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