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

two sides of a triangle have lengths 48 and 32. how long can the third side be

What is the quotient?

solve the following equation -4y + 8 = 4(2y - 2) - 2(-16 + 8y)y = -4y = 4y = -2y = -6

How are the products represented in the chemical equation for photosynthesis?

in the Gettysburg address what does Lincoln point out about the founding of the united states.a.)it happened a long time agob.)the United States was originally

Which of the following is the science of naming living things according to common characteristics? A) taxonomy Eliminate B) classification C) phylogeny

What are the religious practices in Christianity

list 3 elements that were named for famous scientists

Can someone tell me the front view, top view, and right view. Please I have to turn this in in 30 minutes please someone

How do Musculoskeletal Disorders impact your life?