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Marrrta [24]
4 years ago
7

One Family spent $2,000 to start an online business selling goods. They now make $1,240,000 each year. If they made a one-time i

nvestment of half of their yearly earnings in a savings account earning 4% simple interest, how much would the account have in it at the end of 5 years
Mathematics
2 answers:
RoseWind [281]4 years ago
8 0
1,240,00 times 5 years equals 6,200,000
PolarNik [594]4 years ago
7 0

Answer:

744,000

Step-by-step explanation:


You might be interested in
Find the amount that is in the account if $4500 is compounded daily at 3.25% for 6 years
Sindrei [870]

Step-by-step explanation:

1st year interest calculated = 3.25/100 × $4500/1 = $146.25

2nd year principal = 1st year principal + 1st year interest = $4500 + $146.25 = $4646.25. 2nd year interest calculated = 3.25/100 ×$4646.25/1 =$151

3rd year principal = 2nd principal + 2nd year interest = $4646.25 + $151 = $4797.25. 3rd year interest calculated = 3.25/100 × $4797.25/1 = $155.91

4th year principal = 3rd year principal + 3rd year interest =$4797.25 + $155.91 =$4953.16. 4th year principal calculated = 3.25/100 × 4953.16/1 =$160.98

5th year principal = 4th year principal + 4 year interest = &4953.16 +$160.98 = $5114.14. 5th year interest calculated = 3.25/100 × 5114.14/1 =$166.21

6th year principal =5th year principal + 5th year interest = $5114.14 + $166.21 =$5280.35. 6th year interest calculated = 3.25/100 × 5280.35/1 =$171.61

Amount = main principal + compound interest =$4500 +&146.25 +$151+$155.91+$160.98+$166.21+$171.61 =$5451.96

6 0
3 years ago
Help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
RoseWind [281]
Four spaces down: -4
Two spaces right: +2
 
So it will be (-4, 2)

6 0
3 years ago
Read 2 more answers
Which graph shows a proportional relationship
GrogVix [38]

Answer:

Tanya's salary

4 0
3 years ago
A jar black beans and pinto beans in a ratio of 1 : 4, and 180 of the beans are black beans. How many beans in total are there i
kompoz [17]

Answer:

720 beans in total

Step-by-step explanation:

I would set this up with proportions, so-

1             180

4             x

Then cross multiply-

4 x 180 = 720

Divide-

720/1 = 720

720 is your answer

8 0
3 years ago
Liam puts $50 in savings in March and 150% of this amount in savings in April.
Ann [662]

Answer:

150% of 50 is 75, so the answer would be $75.

Step-by-step explanation:

5 0
3 years ago
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