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
NISA [10]
2 years ago
15

Sam invests $800 at 6%/a compounded annually for 5 years. What is the total interest earned?

Mathematics
1 answer:
s2008m [1.1K]2 years ago
4 0
<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
help plzzz , ik it’s a test n all but this was from last year n I have to do it for this year n it’s due today :( I’ve been stre
Westkost [7]

Answer:

B

Step-by-step explanation:

2(x)+4=16

2(6)+4=16

12+4=16

7 0
3 years ago
Please help me with 1-4 and 6 and 7
Tom [10]
I could only get number one which was; 1.75
3 0
3 years ago
SOMEONE PLEASE HELP WILL MARK BRAINLIEST
Mashutka [201]

Radical form for 112 would be 4{7 and then I think you can just search up how to reduce the 4 to 7 i don’t have the symbol btw
4 0
3 years ago
The price of an item has risen to $221 today. Yesterday it was $130. Find the percentage increase.
wlad13 [49]

Answer:

70

Step-by-step explanation:

4 0
3 years ago
A rectangular field is 450 meters long and 300 meters wide. What is the area of the field in square kilometers?
rodikova [14]
First you multiply 450 m ×300 m= 135,000 m
Then you convert to Kilometers 135,000 ÷1,000= 135 Kilometers

So the answer is 135 Kilometers
7 0
3 years ago
Other questions:
  • Can someone pls help me
    6·2 answers
  • Which of the following conditions must be met in order to make a statistical inference about a population based on a sample
    14·1 answer
  • -10=3(2m+5)+5 whats the answer
    5·1 answer
  • Help me ASAP!!!! Don’t have to explain
    8·1 answer
  • Can somebody help me ?
    11·2 answers
  • Please help!!!!!!!!!!!
    14·1 answer
  • What is 3+20 x 70+5=
    7·2 answers
  • What is the value of x?<br><br>Enter your answer in the box. <br><br>x =​
    5·1 answer
  • The Morris family bought 3 crates of eggs last week. Each crate had 18 eggs. Since then, they have eaten 25 of the eggs. How man
    8·1 answer
  • 12/1,000 into decimal​
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!