Solve the problem.The First Nations Bank pays 3% interest per year on savings accounts. What is the annual income on a savings account of ? Round to the nearest dollar.

A. $2,020,000
B. $1939
C. $202,000
D. $19,390


Answer: B

Mathematics

You might also like to view...

Divide.

A. 10 B. 8 R 6 C. 8 R 5 D. 9

Mathematics

Provide an appropriate response.Decide whether the elimination method or the substitution method involves the least amount of work. Do not solve.x + 8y = 0x - 8y = 80

A. Elimination B. Substitution

Mathematics

The function f is one-to-one. Find its inverse.f(x) = x3 + 4

A. f-1(x) = 
B. f-1(x) =  - 4
C. f-1(x) = 
D. f-1(x) =  + 4

Mathematics

How long will it take $600 to triple itself if it is invested at 6% interest compounded continuously? Please round the answer to the nearest tenth. 

A. 17.3 years B. 18.8 years C. 21.3 years D. 19.3 years E. 18.3 years

Mathematics