Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. an investment of $1000 is placed in a savings acco

An investment of $1000 is placed in a savings account with an annual interest rate...

90.2K

Verified Solution

Question

Basic Math

image

An investment of $1000 is placed in a savings account with an annual interest rate of 3%. After 1 year, how much interest has been earned, and what is the value of the account?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

16x 16x 40 40x JWS at 102 402 in factored form is 82 2x 5...

Basic Math
Q

Project L costs $70,000, its expected cash inflows are $10,000 per year for 8 years, and...

Finance
Q

if you're constructing a 95% confidence interval for the MEAN of some population, and you collect...

Statistics
Q

During passive expiration, the intrapleural pressure is A greater than atmospheric pressure B the same as atmospheric...

Medical Sciences
Q

Galactic Dynamics. Imagine that you are an occupant of a strange, distant galaxy, living on a...

Physics
Q

The figures show a hypothetical planetary system at two different times. The system has a star...

Physics
Q

How would I go about making a simple code for an analog clock using matlab?

Mechanical Engineering
Q

A meter bridge is set up as shown to determine an unknown resistance X using...

Physics
Q

1 For a soil with D60 0 43 mm D30 0 22mm and D 0...

Basic Math
Q

6 As in sudoku fill in the missing numbers in the 3 by 3 square...

Basic Math
Q

Graph the following function and its inverse on the same Cartesian plane f x 1...

Calculus
Q

Case study assigning long term debt to bond issues, how to? Deluxe Paper how to...

Accounting