Answer: The amount is $14794.39 and the interest is $9794.39
Step-by-step explanation: If you deposit <em><u>$5000</u></em><u> </u>into an account paying <em><u>7.5%</u></em> annual interest compounded yearly , how much money will be in the account after <em><u>15 years</u></em>?
To find amount we use formula:
A-P(1+r/n) n*t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
P=$5000, r=7.5, n=1 and, t=15 years
After plugging the given information we have
A= $5000 (1+0.075/1)^1.15
A= 5000 *1.075^15
A=14794.39
To find interest we use formula A=P+I'
since A= 14794.39 and P=5000
we have: A=P+I 14794.39=5000+I
I= 14794.39 -5000
I=9794.39
Answer:
Ben has mixed up the digit for millions and hundred thousands: he wrote 5 in the place for millions and 6 in the place for hundred thousands, but it should be the other way. I think that he should exchange those two digits in the faulty report.
Answer:
i do not know what are your talking about.
Step-by-step explanation:
what!. that's my answer.
Answer:
A = 35.42 yd²
Step-by-step explanation:
We need to find the area if the dimensions are given as 4.6 yd and 7.7 yd.
The area of a rectangle shaped figure is given by :
A = lb
Where
l is length and b is the breadth
So, put all the values,
A = (4.6)(7.7)
= 35.42 yd²
So, the area of the figure is equal to 35.42 yd².
