Sam invests $800 at 6%/a compounded annually for 5 years. What is the total interest
earned?
1 answer:
<h3>
Answer: 270.58 dollars</h3>
======================================================
Work Shown:
- A = account value after t years
- P = principal or amount deposited = 800
- r = interest rate in decimal form = 0.06
- n = number of times we compound per year = 1
- t = number of years = 5
So,
A = P*(1+r/n)^(n*t)
A = 800*(1+0.06/1)^(1*5)
A = 1070.58046208
A = 1070.58
After five years, the account will have $1,070.58 in it.
The amount of interest earned is A-P = 1070.58 - 800 = 270.58 dollars.
You might be interested in
X = 42 - 19, so A - x = 23
Answer:
I think it 6 is the answer I don't know I'm not in middle school
Answer:
4 hours 33 minutes
Step-by-step explanation:
multiply the distance of each trip by the amount of trips taken to find the total distance traveled:
500x6=3000 miles
time=distance/speed:
3000/11= apro 273 mins
= 4 hours 33 minutes
Answer:
3
Step-by-step explanation:
She has 12+15=27 apples
We divide 27 by 8 people
27:8=3
-24
___
(3)
We have reminder 3 so, she have 3 apples for herself.
Answer:
Bruce's line is steeper and his line is also greater,yes
Step-by-step explanation:
it should have looked like the screen shot
