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
Yanka [14]
2 years ago
10

William wants to invest $30,000 in a mutual fund.

Mathematics
1 answer:
Natali [406]2 years ago
8 0

Answer:

He will have $39,750 at the end of five years.

Step-by-step explanation:

This is a simple interest problem.

The simple interest formula is given by:

E = P*I*t

In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.

After t years, the total amount of money is:

T = E + P

In this question:

P = 30000, I = 0.065, t = 5

Interest earned:

E = P*I*t = 30000*0.065*5 = 9750

Total amount:

T = E + P = 9750 + 30000 = 39750

He will have $39,750 at the end of five years.

You might be interested in
Sid goes to the store and buys a shirt for $65. The store has sales tax rate of 5.4%. How much tax will Sid have to pay?
mojhsa [17]

Answer:

$3.51

Step-by-step explanation:

We change 5.4% into a decimal which is .054, we then multiply 65 by .054

$65  x  .054 = $3.51

3 0
2 years ago
Find the volume
Oxana [17]

Answer: 180 Cubic cm youforgot to mention it’s a triang but I have the same Juno

Step-by-step explanation:

3 0
2 years ago
Situation The context you find yourself in is Electronics store owner. The name of your store is Electro Hut. As an owner you wa
denis-greek [22]
It would be 30%profit it in so it would be 3.00
8 0
2 years ago
Joe borrowed $8,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 5 years?
belka [17]
Joe would be paying $700 in 5 years time.

Explanation:

($2,000)(0.07/year)(5 years)
= ($2,000)(0.07)(5)
= $700
8 0
3 years ago
Read 2 more answers
Plz show work, NEED HELP FAST PLZ
OLga [1]

Answer:

5. 4        6. 6

Step-by-step explanation:

Number 5

10-2\sqrt{9}

2\sqrt{9}=6

=10-6

Subtract the numbers: 10 - 6 = 4

=4

Number 6

70-\left(\sqrt[3]{64}\right)^3

\left(\sqrt[3]{64}\right)^3=64

=70-64

Subtract the numbers: 70 - 64 = 6

=6

4 0
2 years ago
Other questions:
  • Find the sum of the series 121+128+135+...+233 (17 terms)
    7·1 answer
  • Please help on 21-24 put into point slope form
    7·2 answers
  • Use the graph of the function f to determine the given limit.<br> Picture provided below
    9·2 answers
  • In 2010 the population of alaska was about 710200 what is this number written in word form
    11·1 answer
  • Solve for z.<br>36 - Z=-45<br>O A.<br>Z = 81<br>23-81<br>OC.<br>Z=9<br>D.<br>25.9<br>​
    7·1 answer
  • In the equation 5x-2=-x-20, What is the value of x?<br> a. 2<br> b. -1<br> c. -3<br> d. -2
    12·1 answer
  • A navy cruiser detects a nuclear submarine that is 2500 feet from the cruiser. The angle between the water level and the submari
    13·1 answer
  • Simplify (8y6)<br> what’s the answer?
    12·1 answer
  • Select the correct answer. A company manufactures computers. Function N represents the number of components that a new employee
    14·1 answer
  • This problem is lowkey tricky. Can someone help me out
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!