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Anon25 [30]
3 years ago
13

Suppose you invest $2000 at annual interest rate of 4.5 % How much money do you have in the account after five years?

Mathematics
1 answer:
Naya [18.7K]3 years ago
5 0

Answer:

if my math is correct

Step-by-step explanation:

2501.50

2504.65

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A factory robot recently examined some bulbs, of which 2 were flawed and 18 were not. If 30 more bulbs are examined, predict how
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3 bulbs should be flawed

Step-by-step explanation:

2+ 18 = 20

20 bulbs were examined

2/20  = 1/10 were flawed

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30 * 1/10 = 3

3 of the next 30 bulbs should be flawed


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Experimental verification of opposite side of parallelograms .
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A. The following events are mutually exclusive: Living in California and watching American Idol. True or False b. The number of
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3 0
3 years ago
Michael is planning to invest his 2,000 into a bank account between investment A with 8% simple interest or investment B with 6%
Angelina_Jolie [31]

The investment with the bigger return is investment B.

<h3>What is simple interest and compound interest?</h3>

Simple interest rate is the interest that is paid only on the principal portion of a loan. This means that the debtor does not pays interest on the interest rate already accrued. This differs from compound interest where the debt holder pays interest on the principal and the interest rate already accrued

<h3>What is the compound interest?</h3>

The formula for calculating future value:

FV = P (1 + r)^n

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

2000 x (1.06)^12 = $4024.39

Compound interest =  $4024.39 - $2000 =  $2024.39

<h3>What is the simple interest? </h3>

Simple interest = principal x time x interest rate

2000 x 0.08 x 12 = $1920

To learn more about future value, please check: brainly.com/question/18760477

3 0
2 years ago
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