Dr. Clarence invested $5000 in an account that draws 3.2% interest, compounded annually. What is the total value of the account after 5 years? Can you please clarify how you get your answer because I solved this to my notes and it said it was wrong.
1 answer:
It's simple, you just have to times everything. 5000 x 3.2% x 5 years. After calculating these, 3.2 is as 0.032 so there would be three decimal places. So then it will e 5000 x 0.032 x 5
You might be interested in
Answer:
0.0625
Step-by-step explanation:
Answer:
B. x<27
Step-by-step explanation:
300-165=135
135/5=27
60v = $15 60v/60 = $15/60 v = 0.25 The original value of the baseball card is $0.25
Answer:
y=(1/9)x+4
Step-by-step explanation:
x=3b
b=(1/3)x
y=2/6(1/3)x+4
y=(2/18)x+4
y=(1/9)x+4
Answer:
43 / 8 = 5.37
Step-by-step explanation:
each person will get around 5 pieces of candies...