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xxMikexx [17]
4 years ago
8

Find the compound amount for the deposit. (Round to two decimal places).

Mathematics
2 answers:
Thepotemich [5.8K]4 years ago
7 0

Answer:

Step-by-step explanation:

Problem

If you deposit $5000 into an account paying 7% annual interest compounded yearly , how much money will be in the account after 6 years?

Result

The amount is $7503.65 and the interest is $2503.65. there for i believe the answer is D.

aleksandr82 [10.1K]4 years ago
7 0

Answer:

Answer C.) $7,100.00

Step-by-step explanation:

7% of 5,000 is = 350

(0.07 x 5,000 = 350)

6 years of intret would be 2,100

(6 x 350 = 2,100)

add 2,100 to 5,000

2,100 + 5,000 = 7,100

$7,100

Hope this helped!

~Lunar Rose. Moon

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Answer:

Option (1)

Step-by-step explanation:

Given equation is,

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To determine the solution of the equation we will substitute the values of 'x' given in the options,

Option (1)

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Option (2)

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Option (3)

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Step-by-step explanation:

There are 2 questions in one.

1)

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Step-by-step explanation:


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