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
seraphim [82]
3 years ago
11

Please help!

Mathematics
1 answer:
lana [24]3 years ago
6 0

Given Information:

Principle amount = P = $6,000

Interest rate = r = 4% = 0.04

Period in years = t = 5

Required Information:

How much interest will he earn in 5 years = ?

Answer:

Amount of interest = $1,299.92

Step-by-step explanation:

Using the formula given in the question,

B = P(1 + r )^{t}

Where B is the final amount, P is the initial amount, r is the interest rate and t is the number of years

B = P(1 + r )^{t}\\\\B = 6,000(1 +  0.04)^{5}\\\\B = 7,299.92

The amount of interest earned is

Amount \:of\: interest = B - P \\\\Amount \:of \:interest = 7,299.92 - 6,000\\\\Amount \:of \:interest = 1,299.92

Therefore, Quincy has earned $1,299.92 in terms of interest by investing  $6,000 in a savings account at the rate of 4% annual interest for a period of 5 years.

You might be interested in
Choose the product of –3y2(–4y3 + y – 9).
Nina [5.8K]

Answer:

D

-3 * (-4) matches, as well as the powers (I guess you wanted to communicate that these are powers, but it would also be correct if these where factors)

6 0
2 years ago
a circle has a radius of 4 an arc in this circle has a central angle of 288 what is the length of the arc
AnnZ [28]

Answer:

20.1 units

Step-by-step explanation:

2πr * X/360, where X = angle measure

2(3.14)(4)(288/360)

20.1 units

4 0
3 years ago
Death Valley has an altitude that is below sea level. Which situation describes a hiker in Death Valley who hikes until he reach
Firdavs [7]

Answer: D

Step-by-step explanation:

Think of it logically: A and C are not below sea level so you can cross them out. And B doesn't work because if you decrease -10 by 10 you get -20. So, D is correct.

5 0
3 years ago
Read 2 more answers
Tammy did a survey to answer the following question:
Mariulka [41]
If all students scored the same the score of each student would be 4.5.
4 0
3 years ago
Consider a standard deck of 52 cards (13 cards each in 4 suits, clubs, spades, diamonds and hearts). What is the probability of
Anna11 [10]

Answer:

1/2652

Step-by-step explanation:

52 cards    one jack spades      1/52

now 51 cards left   one jack diamonds   1/51

1/52 * 1/51 = 1 / 2652

4 0
2 years ago
Other questions:
  • WXYZ is a kite, find the measure of WX.
    8·1 answer
  • What is a 4 digit number that can be divided by 5 and 9
    14·1 answer
  • Theresa Morgan, a chemist, has a 30% hydrochloric acid solution and a 50% hydrochloric acid solution. How many liters of each sh
    13·1 answer
  • What is the image of (-3,4)
    10·1 answer
  • Geometry and I need help
    9·2 answers
  • Decide which rule, if any, proves the triangles congruent.
    14·1 answer
  • I need help solving this.... 4x+6x
    8·2 answers
  • Can a triangle be formed with angle measures of 51, 71, and 44?​
    11·1 answer
  • Whats the answer to a(4a + 3)
    10·2 answers
  • Which expression is equivalent to...​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!