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2 years ago

if £5000 Is placed into a bank account that pays 2% compound interest per year, how much will be in the account after two years

Mathematics

1 answer:

timurjin [86]2 years ago

5 0

Answer:

£5200

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year,

then, solving our equation

I = 5000 × 0.02 × 2 = 200

I = £ 200.00

The simple interest accumulated

on a principal of £ 5,000.00

at a rate of 2% per year

for 2 years is £ 200.00.

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Calculate the volume, in cubic centimeters, of a box which is 125 cm long, 37 cm wide, and 68 cm high. Report your answer with c

viva [34]

Answer:

$Volume = 314500cm^3$

Step-by-step explanation:

Given

$Length = 125cm$

$Width = 37cm$

$Height = 68cm$

Required

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Volume is calculated as:

$Volume = Length * Width * Height$

Substitute values for Length, Width and Height

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3 years ago

What is an integer of 22,8,7,2,-11 from greatest to least

Zinaida [17]

Well, i don't know what you're asking, but -11,2,7,8,22?

3 0

3 years ago

Read 2 more answers

-2x-7≥41 in algaebra for

dexar [7]

Answer:

They are equal. x= -24

Step-by-step explanation:

-2x - 7 ≥ 41

First you isolate the variable

-2x -7 ≥ 41

+7 +7

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then divide each side by -2

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Then go back and plug in

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4 0

2 years ago

Please help me now please

Feliz [49]

Answer:

1 1/4

Step-by-step explanation:

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7 0

2 years ago

Ponderosa Paint and Glass carries three brands of paint. A customer wants to buy another gallon of paint to match paint she purc

sveta [45]

Answer:

$\frac{4}{9}$

Step-by-step explanation:

Two events are independent of each other, this is called Compound Probability. Classical example is if two coins are filped, what is the probability of getting two heads in a row.?

Answer: each has 50% probability because there are two states only, either H or T. since we have two coins the probability of getting two heads in row is the product of obtaining heads for each individual coin (which is independent of each other). or is $\frac{1}{2}$ × $\frac{1}{2}$ = $\frac{1}{4}$ = 25%. (Notice!).

Back to our problem, now here we have 3 paint brands and one of them is the right paint brand and two of them are not correct brands. so the prabablity that the customer has picked not correct brand is $\frac{2}{3}$ and her husband has not picked correct brand is also $\frac{2}{3}$ , since two probabilities are compound probabilities i.e indepandant of each other the probablity that both woman and her husband fail get correct brand is the product of the two and is = $\frac{2}{3}$ × $\frac{2}{3}$ = $\frac{4}{9}$ .

4 0

2 years ago

if £5000 Is placed into a bank account that pays 2% compound interest per year￼, how much will be in the account after two years

if £5000 Is placed into a bank account that pays 2% compound interest per year, how much will be in the account after two years