Post a New Question

Math - Pre Algebra

posted by .

$1280 at 13% compounded annually for 3 years

Find each balance.

Use the formula B= p(1+r)n

  • Math - Pre Algebra -

    well if 13% is the rate
    $1280 is the price
    n is the number of years
    so 1280(1+.13)3
    1280 x 1.13 x 3
    4339.2 i think

    well this is a pretty tough question, and i thought i was doing hard stuff in GEM

  • Math - Pre Algebra -

    thanks Ryan!

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math - Pre Algebra

    $1280 at 13% compound annually for 3 years Use the formula: B= p(1+r)n Please help me I need the answer for tommorow
  2. Finances and Math

    Can someone please help me solve these problems or help me find an easy formula?
  3. Algebra

    Need help with these 2 please-- 19. Nancy invests $100 in one account for 10 years at a 9% interest rate compounded annually, and she invests $150 in an account for 10 years at a 6% interest rate compounded semi-annually. How much …
  4. pre-calculus

    find (a) the compound amount and (b) the compound interest for the given investment and annual rate. a. $5000 for 20 years at 5% compounded annually b. $700 for 15 years at 7% compounded semiannually.
  5. Pre Algebra

    You deposit $3350 into a savings account that earns 5% interest compounded annually. Find the balance of the account after 2 years. Round your answer to the nearest cent
  6. Pre-Algebra

    For an account that earns interest compounded annually, find the balance on the account to the nearest cent.
  7. Algebra

    Show how you substitute the values into the formula, then use your calculator. *Use A = P(1+r/n)nt to find the amount of money in an account after t years, compounded n times per year. *Use I = Prt to find the amount of simple interest …
  8. Algebra

    Find the balance in the account, 4,000 principal earning 6% compounded annually after 5 years.
  9. Math

    Using the equation B=p(1+r)^n [B, Balance; p, principal deposit; r, rate; n, number of interest periods]. Find the balance when you have $17,500 in the bank at 4.25% compounded annually for 6 years. I know the answer but not how to …
  10. PRE-CALCULUS

    Find the accumulated value of a $5000 investment which is invested for 8 years at an interest rate of 12% compounded: (a) annually (b) semi-annually (c) quarterly (d) monthly (e) continuou

More Similar Questions

Post a New Question