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Nady [450]
2 years ago
6

5,000 is invested at an interest rate of 8% compounded annually. how much is the investment return after 20 years?​

Mathematics
2 answers:
igomit [66]2 years ago
8 0

Answer:

≈ 23305

Step-by-step explanation:

The amount A is calculated as

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

P is the principal

r is the interest rate

t is the time in years

A = 5000 (1+0.08)^{20}

   = 5000 (1.08)^{20}

   ≈ 23305 ( to the nearest whole number )

iren [92.7K]2 years ago
6 0

Step-by-step explanation:

5k×8×20

_______ =800

100

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Answer:

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ella [17]

Based on the calculations, Celine would earn a total of $65.00 assuming she delivered 10 packages.

<h3>What is a function?</h3>

A function can be defined as a mathematical expression which is used to define and represent the relationship that exists between two or more variable.

<u>Given the following function:</u>

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In this exercise, you're required to determine Celine's weekly earnings based on the number of packages she delivered. However, the number of packages delivered by Celine wasn't shown, thus, we would assume a value for the purpose of an explanation:

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Read more on function here: brainly.com/question/4246058

#SPJ1

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