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
Serggg [28]
2 years ago
15

A principal of ​$5000 is invested in an account paying an annual rate of 7​%. Find the amount in the account after 5 years if th

e account is compounded​ semiannually, quarterly, and monthly.
Mathematics
1 answer:
Alekssandra [29.7K]2 years ago
8 0

Answer:

$7,012.76

Step-by-step explanation:

First, convert R as a percent to r as a decimal

r = R/100

r = 7/100

r = 0.07 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 5,000.00(1 + 0.07/1)(1)(5)

A = 5,000.00(1 + 0.07)(5)

A = $7,012.76

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $5,000.00 at a rate of 7% per year compounded 1 times per year over 5 years is $7,012.76.

You might be interested in
Tell whether the two rates form a proportion . Please help me on number 16
Elina [12.6K]
Tell whether the two rates form a proportion . Please help me on number 16

7 0
2 years ago
Which equation represents the line is perpendicular to y=3/4x+1 and passes through (-5,11)​
melomori [17]
To find a perpendicular line, you must flip the slope over and make it negative. So, the perpendicular slope would be -4/3. Plug the point into this slope equation and solve for the y intercept. 11 = -4/3(-5) + b. b = 13/3. So, the line would be y = -4/3(x) + 13/3
8 0
3 years ago
Read 2 more answers
What is 10/12 times 3/5 times 1/4 equal
natima [27]
1/8 is the answer jahdbdjdndndndn
3 0
2 years ago
Read 2 more answers
Which symbol makes the comparisons true ? Complete the comparison -6 ? 3
Usimov [2.4K]
<h3>Hello!</h3>

======================================

Negative numbers are always less than positive ones.

Do you remember the symbol for "less than"? That's right, "<" :)

Hence,

-6<3

Because

-6 is negative (the - sign tells us that)

3 is positive

===================================

<h3>Notes:</h3>
  • Hope everything is clear.
  • Let me know if you have any questions!
<h3>Answered by:</h3>

~DiamondS~

6 0
1 year ago
C.<br> In (MN) = In M + In N, for M&gt; 0 and N&gt; 0<br> True or false
melisa1 [442]
That statement is true
8 0
2 years ago
Other questions:
  • Please help due soon!!!!!
    10·1 answer
  • Population density is the number of people per unit of area. The population density of a certain region is 60 people per square
    6·1 answer
  • Jamie has a list of scores. He has calculated the range and then realizes that one of the numbers was transposed. He switches it
    8·2 answers
  • A large bag of marbles contains an equal amount of red, orange, yellow, blue, and green marbles. Brody randomly selects 1 marble
    11·2 answers
  • I NEED HELP ASSSSSAAAAPPPP
    12·2 answers
  • Describe how the graph is related to the graph of y = lxl.
    15·1 answer
  • Cards in a pack are black or red in the ratio
    5·1 answer
  • Evaluate the following expressions x=6
    7·1 answer
  • PLS HELP I CANT FAIL THIS
    12·1 answer
  • Find the slope will give brainlest
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!