The total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
<h3>What is invested amount?</h3>
An investment is a payment made to acquire the securities of other firms with the intention of making a profit.
We are assuming the interest will be compounded annually
Where A = Final amount
P = Principal amount
r = annual rate of interest
n = how many times interest is compounded per year
t = How long the money is deposited or borrowed (in years)
We have:
P = $7000
r = 3% = 0.03
t = 10 years
n = 1
After calculating:
A = $9407.41
I = A - P = 9407.41 - 7000 = $2,407.41
Thus, the total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
Learn more about the invested amount here:
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Answer:
4 1/2 + 1 3/5 = 6 1/10 or 61/10
Answer:
5
Step-by-step explanation:
in similar figures the side lengths must be proportional:
4/8 = x/10 cross multiply fractions
40 = 8x divide both sides by 8
5 = x
If your looking for hourly they sold a total of 12 tacos per hour.
If your looking for daily they sold a total of 288 tacos per day.
Kent can paint the room 1/5
luannda can paint the room 1/3
(3+5) (5*3) = 8/15 or 0.53 th of the room together but just for kent would be 1/5