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
Feliz [49]
3 years ago
11

What is the compund interest on 5,000 over 3 years at 5% interest

Mathematics
2 answers:
Katena32 [7]3 years ago
8 0

Answer:

788.13  to the nearest hundredth.

Step-by-step explanation:

Let A be the total amount in the account after 3 years.

The formula is A = P(1 + x/100)^t .

Here P = 5000, x = 5 %  and the time t = 3. years.  

Amount after 3 years = 5000(1 + 5/100)^3

=  5788.13

So the Interest is 5788.13 - 5000

= 788.13.

Igoryamba3 years ago
8 0

Answer:

Compound interest = 788.125

Step-by-step explanation:

Points to remember

<u>Compound interest</u>

A = P[1 + R/100]^N

Were A - Amount

P - Principle

R - Rate of interest

N - Number of years

<u>To find the compound interest</u>

Here P - 5,000

R = 5%

N - 3 years

A = P[1 + R/100]^N

 = 5000[1 + 5/100]^3

 = 5000[1 + 0.05]^3

 = 5788.125

Compound interest  = A - P

 = 5788.125 - 5000

 = 788.125

You might be interested in
A snail can move 1/30 miles in 1/3 hour. How fast does a snail move in miles /hours
bekas [8.4K]

Answer:             1/10 miles/hour

To find how fast a snail moves in miles per hour, we can find the unit rate using a proportion.

<h2>Unit Rate</h2>

The unit rate is the amount per one unit. In this problem, the unit is for one hour. One way to find the unit rate is by using a proportion.

<h2>Proportions</h2>

Proportions look like two fractions set equal to each other with a missing variable to solve.

<h3>State our variables</h3>

let <em>x</em> be the number of miles per hour

<h3>Write a proportion</h3>

The first fraction has a number for the numerator (top) and denominator (bottom), because the question gives us the information. The second fraction has a missing value, <em>x</em>, that we are solving for. We can write <em>x</em> in the numerator.

\displaystyle{\frac{\frac{1}{30}\ mi}{\frac{1}{3}\ hr} = \frac{x\ mi}{1\ hr}}

<h2>Solve</h2>

We can solve by finding the scale factor. The scale factor is the number we can multiply the numerator by to find <em>x</em>.

<h3>Find the scale factor</h3>

Start with the proportion.

\displaystyle{\frac{\frac{1}{30}\ mi}{\frac{1}{3}\ hr} = \frac{x\ mi}{1\ hr}}

To find the scale factor,

  1. Take the denominator from the fraction with a variable: 1\ hr
  2. Take the denominator from the fraction that has no variable:  \frac{1}{3}\ hr
  3. Divide step 1 by step 2 and solve:  1\ hr\ \div\ \frac{1}{3}\ hr = 3

Our scale factor is <u>3</u>.

<h3>Solve for x</h3>

We can find <em>x</em> by multiplying the numerator in the first fraction by the scale factor. This is because <em>x</em> is also in the numerator.

\displaystyle{\frac{\frac{1}{30}\ mi}{\frac{1}{3}\ hr} = \frac{(\frac{1}{30}\ mi)*3}{1\ hr}}

\displaystyle{\frac{\frac{1}{30}\ mi}{\frac{1}{3}\ hr} = \frac{\frac{3}{30}\ mi}{1\ hr}}

Simplify 3/30 by dividing the fraction by 3.

\displaystyle{\frac{\frac{1}{30}\ mi}{\frac{1}{3}\ hr} = \frac{\frac{1}{10}\ mi}{1\ hr}}

x = 1/10

∴ a snail moves 1/10 miles per hour.

Learn another way to solve proportions here: brainly.com/question/18437927

7 0
1 year ago
The teacher set a goal of $225.Write two statements the principle could use to compare this goal to the eight graders goal
kondor19780726 [428]
I'm not sure what this question means exactly, maybe the principals goal is unrealistic?
7 0
3 years ago
I am a number between 80 and 100 my ones digit is two less than my tens digit I am a prime number what number am I
Aneli [31]
97. the tens number here is 9 and the unit number if 7, from this 7 is less than 9 by 2
5 0
2 years ago
I don't get it at all 9÷917
Strike441 [17]

You can answer it in fraction or decimal.

Fraction: In fraction, write 9 above 917 like this: 9/917. That is the answer in fraction.

Decimal: In decimal, do the long-division algorithm. You should get 0.009815.

7 0
3 years ago
How to solve 4x+8=8x
White raven [17]

x=2

Explanation:

8=8x−4x

8=4x

8/4=x

2=x

Therefore x=2


3 0
3 years ago
Read 2 more answers
Other questions:
  • Twenty-four is less than five-eighths of a number x
    15·1 answer
  • How many square feet of outdoor carpet will we need for this hole? Need pronto
    13·1 answer
  • 2 times 2 and three forths
    12·1 answer
  • What is the solution to 8-2b = -2/3(12b+6)
    7·1 answer
  • I need help ASAP please!!!!!!
    11·2 answers
  • Help me on this please
    12·1 answer
  • U-TXT, a new text app allows 140 characters per message. How many characters is 35%?
    15·2 answers
  • A line goes through the point (2, 4) and has a slope of 3/2. Which of the following points is also on the line? CHOOSE ALL THAT
    6·1 answer
  • Which choice is equivalent to the expression below?​
    12·1 answer
  • Henry rolls a standard six-sided die, numbered from 1 to 6. Which word or phrase describes the probability that he will roll a m
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!