1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrej [43]
2 years ago
13

If $5000 is invested at a rate of 3% interest

Mathematics
1 answer:
harkovskaia [24]2 years ago
7 0

The value of the investment in 5 years is $5805.9

<h3>What is Interest ?</h3>

Interest is the amount earned over years for the amount invested.

It is given that

Principal = $5000

Rate = 3%

Compounded Quarterly

Time = 5 years

Amount = ?

The Amount is given by the formula

Amount = P( 1 + (r/n))ⁿˣ

Here n = t = time period for which the investment has been done.

Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵

Amount = 5000 (1.16)

Amount = $ 5805.9

Therefore , The value of the investment in 5 years is $5805.9

To know more about Interest

brainly.com/question/13324776

#SPJ1

You might be interested in
Solving systems by elimination <br> 9x+3y=-3 <br> 2x-3y=-8
Alona [7]

Answer:

Solve for the first variable in one of the equations, then substitute the result into the other equation.

x

=

−

1

Step-by-step explanation:

5 0
3 years ago
A car traveled 180 miles at a constant rate. Write an equation that would
Mnenie [13.5K]

Answer:

180/t = r

Step-by-step explanation:

In this question, we would have to write an equation that represents the scenario given.

We know that the car traveled 180 miles at a constant rate.

We would use the y = mx + b format for the equation, but replacing the variables with "r" and "t"

We know that 180 will be our y-variable, since that would be the base of the equation:

180 = ???

And to find how long/fast it will take the car, we would need to multiply the rate of speed "r" and time "t" in order to get our distance.

Plug it into the equation:

180 = rt

With this set up, you can find the rate of speed of the car when you know the time.

You would simply solve it as:

180/t = r

7 0
3 years ago
A baker used 3/16 cup of sugar. Then she used another 1/2 cup of sugar. How much sugar did she use in all?
Fittoniya [83]

Answer:

11/16 :)

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
a farmer bought a number of pigs for $180. However, 3 of them died before he could sell the rest at a profit of 8 per pig. His t
Gre4nikov [31]

Answer:

He bought approximately 16 pigs.

Step-by-step explanation:

In order to find how many pigs the farmer had originally all you have to do is add three to amount of pigs he sold, since three of the died. In order to find how many he sold all you need to do is divide 109 by 8, since he made a profit of $8 per pig. 109 / 8 = 13.625, 13.625 + 3 = 16.625

4 0
3 years ago
3/2 x 1/4 x 5/3 = v.
jekas [21]

Answer: 5/8 or 0.625

Step-by-step explanation:

3/2x1/4= 3/8

Then, 3/8x5/3= 15/24

15/24 simplified equals 5/8. 5/8 in decimal form is 0.625

3 0
3 years ago
Other questions:
  • Confused, thanks.
    15·1 answer
  • 4 plus the product of 2 and 7<br>please help me
    7·1 answer
  • Item 9 a softball has a volume of 1256π1256π cubic inches. find the radius of the softball.
    9·1 answer
  • Z3=-64 help please I will give brainliest
    15·2 answers
  • The temperature was 54° at 7:00 a.M. At 3:00 p.M. On the same day, the temperature was 82°. What is the rate of change in temper
    11·2 answers
  • I need help, am not good at this
    14·1 answer
  • Car Travels
    11·1 answer
  • Whats the correct answer and show me how u got it and Ill give u the brainlest please help
    9·1 answer
  • The total cost of 2 bracelets and 3 necklaces is $15.50. The total cost of 4 bracelets and 1 necklace is $13.50. Let b represent
    9·1 answer
  • How did you do the work
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!