# Discrete Mathematics

posted by .

You put \$1,000 into your bank account with a 5% annual simple interest rate. How much money will you have after three years?

## Similar Questions

1. ### math

Samantha opened a savings account and deposited some money into the account. The account pays an annual simple interest rate of 5%. After 9 years, the interest earned on the account was \$1,800. How much money did Samantha deposit in …
2. ### Math

If you deposit P dollars into a bank account paying an annual interest rate r, with n interest payments each year, the amount A you would have after t years is A=P(1+r/n)^nt. Kevin places \$100 in a savings account earning 6% annual …
3. ### Discrete Mathematics

You put \$1,000 into your bank account with a 5% annual interest rate compounded quarterly. How much money will you have after three years?
4. ### Discrete Mathematics

You expect to receive payments of \$1,000 at the end of the next three years with an annual interest rate of 5%. How much is the money worth today?
5. ### math

Yvonne put \$4,000 in a savings account. At the end of 3 years, the account had earned \$960 in simple interest. A. how much does she have in her account at the end of 3 years?
6. ### math

Mike's grandmother opened a savings account in Mike's name and deposited some money into the account. The account pays an annual simple interest rate of 11%. After 13 years, the interest earned on the account is \$5720. How much money …
7. ### Math- Interest Rates

Yvonne put \$4,000 in a savings account. At the end of 3 years, the account had earned \$960 in simple interest. A. how much does she have in her account at the end of 3 years?
8. ### Math help! Check my answers ASAP!

1. Which graph most likely describes the distance a person walks in a 24-hour period?
9. ### Math

Mark put \$3290 into a bank that offered 3% interest rate compounded monthly. Mark kept the money in this account for 9 years and then moved all this money to a new account that offered 6% interest rate compounded weekly. Do not round …
10. ### algebra

If Ron put \$1000 of his money into a bank account that earns a 2.3% annual interest rate, how much will he earn after 10 years if the interest is compounded A. yearly, B monthly?

More Similar Questions