Sign In
Ask Question
Mathematics
Madeline Cardenas
29 November, 12:54
L = $20 r = 4% t = 2 years
+5
Answers (
1
)
Talia Gardner
29 November, 13:01
0
I'm guessing this is a question about interest rates? If you have $20 that increases by 4% in one year, you need to multiply 20 by 1.04. This gets you $20.8.
If you are talking about compound interest, we will take this number and multiply it again by 1.04 for the second year. 20.8 x 1.04 = $21.632.
If it is instead simple interest, we will simply add another. 8 dollars for each year, instead of getting 4% interest compounded every year onto the new value. This gets you $21.6.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“L = $20 r = 4% t = 2 years ...”
in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Kelly has 4 times as many songs on her music player al Lou. Tiffany has 6 times as Lou. Altogether they have 682 songs on their music players. How many songs does jelly have?
Answers (1)
A coin is tossed two times. what is the probability of getting tails two times in a row?
Answers (1)
How to solve math word problems
Answers (2)
Express 2x²+20x+7 in the form (x+p) ²+q
Answers (1)
4. There are 10 cheerleading squads performing in a competition. The order of the performances is determined at random. What is the probability that your squad performs first and your friend's squad performs second?
Answers (1)
New Questions in Mathematics
Nadia puts $500 int a savings account. at the end of 1 year, she had earned $30 in intrest. What intrest rate was the bank paying
Answers (1)
4th grade math patterns 18250, 18500, 19000, 20000 what's the next number?
Answers (1)
3.871 round decimal to the underlined place value
Answers (1)
You are interested in determining the effects of a recent coupon promotion on customer purchases at a local grocery store. You sample of 50 customer receipts one day after the coupon is distributed and find the customers' mean spending to be $97.
Answers (1)
The function c (p) = 6⋅2p-1 represents the number of circles on page p in an artist's book. What does the value 6 represent in this situation? A) There are a total of 6 pages in the book. B) There are 6 circles on the first page of the book.
Answers (1)
Home
»
Mathematics
» L = $20 r = 4% t = 2 years
Sign In
Sign Up
Forgot Password?