CarsinB66095 CarsinB66095

03-11-2022
Mathematics

contestada

Hannah deposited $50 in a bank account earning 12% interest, compounded annually. How much money will she have in her savings account in 60 months??

Respuesta :

NahiemD528376 NahiemD528376

03-11-2022

Price in 60 months P

1 year= 12 months

5 years = 60 months

P = 50•( 1 + 12/100)^5

P= 50 • (1.12)^5 = 50• 1.762

= 88.12

Then answer is

Savings in 60 months= $88.12

Answer Link

Otras preguntas

If -2(3y+5)=-4, find the value of 5y

An experiment consists of rolling two fair number cubes. What is the probability that the sum of the two numbers will be 8? Express your answer as a fraction in

is a piece of cloth a point, line, or plane?

how to solve x to the power of 2 = 14

Tasha believes that she can rewrite the difference 120 - 36 as a product of the GCF of the 2 numbers and another difference. Is she correct?

For this assessment, you will be taking Newton’s laws and describing how they are illustrated in a specific event. You only need to choose one of the options pr

If 604-72=___,then 532+___=604.Explain the process of checking your work.

Write equation in function form 2x+2y=8 and 6x-3y=12

The ocular and objective lenses are found at the top and bottom of what part of a microscope?

Write equation in function form 4x+y=10