michelle51056 michelle51056

03-04-2021
Mathematics

contestada

If Jeffrey invested $2,000 (principal) for 5 years at 5% interest rate compounded annually how much Interest would he earn over 5 years?

Respuesta :

wolf1728 wolf1728

03-04-2021

Answer:

Total = principal * (1+ rate/100)^ years

Total = 2,000 * 1.05^5

Total = 2,000 * 1.2762815625

Total = 2,552.36

Source: http://www.1728.org/compint2.htm

Step-by-step explanation:

Answer Link

Otras preguntas

if the mass of a material is 125 grams and the volume of the material is 18cm3 what would the density of the material be?

in which trimester does the following occur? fingers and toes develop.

whats the product of 32.6 and 5.4

There are 453.592 grams in one pound. A semi-slick, Kevlar tire weighs about 520 grams. What is the tire’s weight in pounds?

which are two ways that igneous rock are classified

1. What would most likely happen if Congress decreased taxes and increased spending? Economic contraction Economic expansion Economic stability Economic

how is the sentence "10 more than p is –3" written as an equation? – 3 = 10 p 10 = –3 p 10 = 3 p = 10 – 3

the geologic time scale originally ordered earth's rocks by ( 1point ) a . absolute age B. relative age c. composition d . decades and centuries

what is 2.33 round to the nearest tenth

What is the relationship between to two sevens in the number 277,180