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

Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: -July $87,000 -August 107,000 -September 117,000 Cash sales are

Please help me I took a screenshot.. U can download it and place the numbers beside it. If u want to.

what's 60.540 to the nearest degree?

How many molecules are in 0.73 mol of C12H22011? *

MN appears to be tangent to OC, but don't trust the picture! Use calculations to see if MN is tangent to OC.

Should college education be for all? Or should it be given only to those who are intellectually capable of college education?

Dean was hired on February 12 as a sales manager of the Co-op Dairy for a minimum period of one year with the dairy agreeing to pay his moving expenses. By Febr

NEED HELP ASAP Judith has x math problems to do for homework. Harry has 2 times as many problems to do as Judith. Janessa has 10 more math problems to do than J

Chase is comparing music subscription prices. A 12-month subscription with All Ears costs $91.80 and a 3-month subscription with Press Play costs $19.35. Which

Sketch a graph of 5x +y = 4