aymirremosby aymirremosby
  • 01-05-2022
  • Mathematics
contestada

Edgar has $30 in an account that earns 5% interest compounded annually. To the nearest cent, how much interest will he earn in 2 years?

Respuesta :

YulTheNinja YulTheNinja
  • 01-05-2022

Answer:

Total Interest = $3.08

Step-by-step explanation:

A = P (1 + r/n)^(nt)

A = 30(1+.05/1)^(1*2)

A = 33.08

We want to find interest only so subtract principal amount from total value

33.08-30 = 3.08

Total Interest = $3.08

Total Value = $33.08

Mark brainliest please!

Answer Link

Otras preguntas

Beliefs and what impacts how we interact with patients
write a summary of Macbeth act 5 in one paragraph​
Read the excerpt from the Declaration of Independence by Thomas Jefferson. We, therefore, the Representatives of the United States of America, in General Congre
I need help! please! Ill give brainiest
the leading and the lagging strands of dna formed during dna replication differ in that
Need help fast on hs geometry please
Find the value of x need help
has an atomic number of 1.
HELP PLEASE !!!! what was the initial cause of the yakama war ? READING GUIDE HOSTILITIES BEGIN PART 1 ‼️
What role do you think parents have in making sure that their kids eat healthy? Do you think you eat healthy in your home?