wrebecca840 wrebecca840

03-10-2020
Mathematics

contestada

You put $4,000 in a savings account. The account earns 5.25% simple interest per year. What is the total balance after 5 years?

Respuesta :

netizenwebb netizenwebb

03-10-2020

Answer:

$5,050.00

Step-by-step explanation:

Principal: $4,000

rate: .0525

time: 5 Years

Interest:

I = Principal * rate * time

I = $4,000 × 0.0525 × 5 = $1,050.00

Total balance:

Principal + Interest

$4,000 + $1,050.00 = $5,050.00

Answer Link

Otras preguntas

What is the function of the structure identified by the red arrow? Genetic information Mobility Food capture Protection

"The figure shows the layout of a symmetrical pool in a water park. What is the area of this pool rounded to the tens place? Use the value = 3.14. A) 1,180 squ

Which class of organic compound is least likely to be used as an organic solvent? aldehyde ketone alkyl halide ether

what are the coordinates of the vertex for f(x) =3x^2+6x+3

Which writer influenced the development of the New Journalism movement in the United States?

Isaac has spent $20 to set up cable service and the monthly fee is $54.95. Write an equation to represent the total amount it costs, C(t) to have cable service

Which of the following best describes the English expression the quotient of four and the sum of a number and three? A. 4/x+3 B. x+3/4 C.4/x+3 D.x/4+3

which is the primary consumer in this food chain?

peanut butter and cottage cheese each provide which two sources

Eli spends his summer vacation writing dramas and staging them in the backyard like a teenage Shakespeare. This reference to Shakespeare is which type of allusi