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
Anettt [7]
3 years ago
10

You worked hard over the summer and earned an extra $2,000. You decided to deposit that amount into your savings account. This s

avings account will earn 2.0% interest annually and no other deposits will be made. What is the future value of your deposit after 6 years?
Geography
2 answers:
babymother [125]3 years ago
8 0

If we are taking of compound interest after the first year $2,040. In the second year is $2,080.08. In the third year is $2,122.42. In the fourth year $2,164.86. In the fifth year $2,208.16. In the sixth year the future value deposit will be $2,252.32.  

Drupady [299]3 years ago
7 0

Answer:

The future value of deposit will be $2252.324

Steps by step with Explanation:

Given in the question is the interest rate that is 2%

Earning $2000

Calculation,  

2/100 x 2000 = 40  

Deposit after 1 year: 2040

2% of 2040,  

2/100 x 2040 = 40.8

Deposit after 2 years: 2080.8

2% of 2080.8= 41.616  

Deposit after 3 years =2122.416

2% of 2122.416 = 42.44832

Deposit after 4 years = 2164.86432

2% of  2164.86432 = 43.2972864

Deposit after 5 years: 2208.161606

2% of  2208.161606 = 44.16323213

Deposit after 6 years: 2252.324838

Therefore, after 6 years the future value of deposit will be $2252.324

You might be interested in
Which of the following appeared during the Mesozoic Era?
Elina [12.6K]
D. all of the above.
7 0
3 years ago
Read 2 more answers
Please help, I will give brainliest to correct the answer! Answer honestly and no spamming!?
Anestetic [448]

Answer: 1. Shelterbelts

2. Afforestation

3. Manures

4.  Embankments

5.  Terrace Farming

Explanation:

plz mark as brainliest

6 0
3 years ago
Read 2 more answers
Eastern Russia is considered part of Southeast Asia. True or False.
gogolik [260]
False. I believe that Eastern Russia is considered part of the Far East. Southeast Asia consists of countries like Thailand, Indonesia, Cambodia, etc.
3 0
4 years ago
Read 2 more answers
A summery of the movie war house
Dafna1 [17]
Albert (Jeremy Irvine) and his beloved horse, Joey, live on a farm in the British countryside. At the outbreak of World War I, Albert and Joey are forcibly parted when Albert's father sells the horse to the British cavalry. Against the backdrop of the Great War, Joey begins an odyssey full of danger<span>, joy and sorrow, and he transforms everyone he meets along the way. Meanwhile Albert, unable to forget his equine friend, searches the battlefields of France to find Joey and bring him home.</span>
6 0
4 years ago
Describe how population distribution affects the cultural landscape
AlexFokin [52]

Answer:

Population distribution determines in large part the cultural landscape.

Explanation:

For example, regions with high population density tend to have a cultural landscape that is characterized by being urban, or by having many towns in a relatively small land area. In these places, culture also tends to be more dynamic, because there is more human interaction.

On the other hand, regions with low population density are characterized by a rural landscape that is sparsely populated. These areas also tend to be more culturally closed, and they are less dynamic as well, because of lesser human interaction.

8 0
4 years ago
Other questions:
  • Why does the Moon have a layer of powdery "soil" on its surface? a) The soil exists because the Moon accreted from powdery mater
    6·2 answers
  • NAFTA eliminated tariffs between the countries of mexico the united states and Canada
    13·2 answers
  • The largest area of old-growth forest in the united states is located in
    7·2 answers
  • In the Middle East, one of the main reasons people are moving to cities is to find __________.
    14·2 answers
  • Which of the following is NOT a factor that causes the distribution of population to vary from one region to another?
    11·1 answer
  • List and describe the major goals of a market economy in the diagram below.
    9·1 answer
  • Write about the he Earth's moon.(400 words)​
    6·1 answer
  • Any1 wanna zo.om? im bored and my other account got deleted
    12·2 answers
  • Traditional vegetation in Oklahoma's prairies include bluestem, Indian grass, and
    6·1 answer
  • Sedimentary rocks often have porosities of up to 30%. When the pore spaces are filled with ______, the downward force on the slo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!