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Tasya [4]
3 years ago
8

If you invest $5,000 in a simple interest account at 1.8 percent for 5 years, what is the amount in the account at the end of 5

years?
Business
2 answers:
dolphi86 [110]3 years ago
7 0

Answer:

$5,450

Explanation:

Simple interest is constant throughout the 5 years

Formula for simple interest  is principal amount multiplied by interest rate

Calculation amount { A }after five years

A=  P(1 + r t)

Here,

P= $5000,00

R= 1.8 percent

T=5 years

A= 5000(1+ 1.8/100 x 5)

A= 5000(1 + 0.018 x 5)

A= 5000x 1 +0.09

A= 5000 x 1.09

A=$5,450

Nostrana [21]3 years ago
6 0

Answer:

5450

Explanation:

just took the test

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