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
galben [10]
3 years ago
10

Jolene wants to invest $2000 into a money market account. Interest is to be 6.5% compounded annually, and she wants to take the

entire amount out after 5 years to put towards the purchase of a new car. How much will she have her down payment in five years?
Mathematics
1 answer:
timama [110]3 years ago
3 0

Answer:

Interest = 650$

Step-by-step explanation:

Given:

Invest  Inv = 2000$, interest rate r = 6.5% compounded annually

and time n = 5 years

Formula for calculation is:

Int = (Inv · r · n) / 100

Int = (2000 · 6.5 · 5) / 100 = 650$

Int = 650$

God with you!!!

You might be interested in
A scientist wants to find the average mass of fish living in a large pond. So she will use the masses of a sample of fish from t
Oxana [17]
The scientist would use milligrams, grams, and kilograms.

The best procedure would be to randomly pick 52 fish from the entire pond and weigh each of them as this would be the most unbiased way to achieve the average mass
6 0
2 years ago
Is 4, 6, 7 a pythagorean triple
madam [21]

Answer:

Yes

Step-by-step explanation:

Hope this helps!

Good Luck!

7 0
2 years ago
Read 2 more answers
If m is positive and k is negative what is m-k
Andrew [12]
M+k because the subtraction sign and negative cancel out to become positive
8 0
3 years ago
Read 2 more answers
Write an expression to represent:<br> Eight minus the quotient of two and a number x
NARA [144]
8 - (2/x) = y (ignore these words the answer was too short lol)
8 0
3 years ago
Read 2 more answers
Please help me with this question fast!!!!
zubka84 [21]
Reflection and translation
7 0
3 years ago
Other questions:
  • How to solve for y and simplify
    13·1 answer
  • Ben is starting a business to wash his neighbors cars. He will earn $9.50 per car he washes, plus an additional $50 his mom gave
    7·2 answers
  • Find the area of the shaded region
    5·1 answer
  • A rectangle has a length of 42 inches and a width of 14 inches. Which of the following is not equal to the ratio of the rectangl
    15·1 answer
  • I really need to solve this
    5·1 answer
  • A first number plus twice a second number is 1. twice the first number plus the second totals 26. find the numbers.
    15·1 answer
  • When cooking a certain type of rice, the ratio of water to rice should always be 3 to 2. The table below shows this relationship
    9·1 answer
  • Justin invested $7,300 in an account paying an interest rate of 1.5% compounded quarterly. Assuming no deposits or withdrawals a
    10·1 answer
  • Which of the following is statement is TRUE about mixed numbers?
    7·1 answer
  • The price of a table is $360 if the price is reduced by 20% what is the price of the table after the discount
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!