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KonstantinChe [14]

3 years ago

11

To Baker’s plus their contents have a mass of 180.4 g the total mass of the contents is 56.8 g each Baker has the same mess righ

t and solve an equation to find the mass of one bigger

1 answer:

yKpoI14uk [10]3 years ago

4 0

Yes because the guy

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An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years. Approximately how much intere

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Answer:

C. <em>$720.37</em>

Step-by-step explanation:

An investment of $2,000 is earning interest at the rate of 6.2% compounded quarterly over 5 years.

We know that,

$A=P\left(1+\dfrac{r}{n}\right)^{n\cdot t}$

here,

A = Future amount,

P = Principal = $2000

r = Rate of interest = 6.2% = 0.062

n = Number of period = 4 (as compounded quarterly)

t = time period = 5 years

Putting the values,

$A=2000\left(1+\dfrac{0.062}{4}\right)^{4\cdot 5}$

$=2000\left(1+0.0155\right)^{20}$

$=2000\left(1.0155\right)^{20}$

$=\$2720.37$

So the interest will be,

$=\text{Future amount}-\text{Principal}$

$=2720.37-2000=\$720.37$

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