Marcia has a simple interest savings account that she initially deposited $1,300. What is the balance in her account after 8 years if the account paid an annual interest rate of 4.6% and the interest was deposited into the account annually. Enter the dollar sign, followed by the dollar amount including any cents. No space between the dollar sign and the number. Do not use a comma. Example: $368.42 The simple interest balance function can be written in it's most general form: B left parenthesis t right parenthesis space equals space P space plus space P times r over n times t where P is the initial principal, r is the annual interest rate, n is the number of time units per year (days n=365, months n=12, years n=1) that the interest is deposited into the account, and t is the total number of time units (days, months, years)

Marcia has a simple interest savings account that she initially deposited $1,300. What is the balance in her account after 8 years if the account paid an annual interest rate of 4.6% and the interest was deposited into the account annually. Enter the dollar sign, followed by the dollar amount including any cents. No space between the dollar sign and the number. Do not use a comma. Example: $368.42 The simple interest balance function can be written in it's most general form: B left parenthesis t right parenthesis space equals space P space plus space P times r over n times t where P is the initial principal, r is the annual interest rate, n is the number of time units per year (days n=365, months n=12, years n=1) that the interest is deposited into the account, and t is the total number of time units (days, months, years)

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Description: Marcia has a simple interest savings account that she initially deposited $1,300. What is the balancein her account after 8 years if the account paid an annual interest rate of 4.6% and the interest wasdeposited into the account annually.Enter the d

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 15E

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Marcia has a compound interest savings account that she initially deposited $1,300. What is the balance in her account after 3 years if the account paid an annual interest rate of 4.6% and the interest was compounded annually. Enter the dollar sign, followed by the dollar amount including any cents. Round to the nearest penny. No space between the dollar sign and the number. Do not use a comma. Example: $3268.42 The compound interest balance function can be written in it's most general form: B left parenthesis 1 right parenthesis space equals " P" plus " P" open parentheses r over 1 close parentheses space times 1 where "P" is the initial principal, or the ending balance from the previous time period, r is the annual interest rate. The following video may help with answering this question. Compound Interest Example e
Marcia has a compound interest savings account that she initially deposited $1,300. What is the balance in her account after 3 years if the account paid an annual interest rate of 4.6% and the interest was compounded annually. Enter the dollar sign, followed by the dollar amount including any cents. Round to the nearest penny. No space between the dollar sign and the number. Do not use a comma. Example: $3268.42 The compound interest balance function can be written in it's most general form: B left parenthesis 1 right parenthesis space equals " P" plus " P" open parentheses r over 1 close parentheses space times 1 where "P" is the initial principal, or the ending balance from the previous time period, r is the annual interest rate.