Answer:
15187.5=2000(1.5)^5
Step-by-step explanation:
So right now he has 2000 in his saving each year it grows by 1.5 so by year 5 it should be
15187.5 in his savings
hope I did it right
0.0045, Bc that negative exponent makes the decimal point move to the left!
I=PRT
I=interest
P=initial amount
R=rate in decimal
T=time in years
given
P=5523
R=4.99%=0.0499
T=7
I=(5523)(0.0499)(7)
I=1929.1839
round
$1929.18 interest earned
Answer:
1/2
Step-by-step explanation:
