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

Does anyone know the answers

Sometimes a patient's information needs to be edited in the Medisoft system. What are the instances when it would be necessary to edit the patient's informatio

A class of 25 students took a math test. Ten students had an average of 88. The other students had an average of 76. What is the average of the whole class?

Why did the plate boundary that runs up California change from convergent to transform?

dancers and gymnasts usually have a wide range of?

Find the length x to the nearest whole number. A right triangle has a vertical leg of length x units, a base leg with a length of 330 units plus an unknown leng

2. Liliana is renting a beach house for a family vacation. The house charges 1 point a $75 cleaning fee plus $95 per night. If Liliana wants to spend a maximum

Division A reported income from operations of $975,000 and total service department charges of $675,000. As a result, a.consolidated net income was $300,000 b.n

Help!! I will mark brainliest!

A student needs to prepare 50.0 mL of a 1.30 M aqueous H2O2 solution. Calculate the volume of 5.0 M H2O2 stock solution that should be used to prepare