wrebecca840
wrebecca840 wrebecca840
  • 03-10-2020
  • Mathematics
contestada

You put $4,000 in a savings account. The account earns 5.25% simple interest per year. What is the total balance after 5 years?

Respuesta :

netizenwebb netizenwebb
  • 03-10-2020

Answer:

$5,050.00

Step-by-step explanation:

Principal: $4,000

rate: .0525

time: 5 Years

Interest:

I = Principal * rate * time

I = $4,000 × 0.0525 × 5 = $1,050.00

Total balance:

Principal + Interest

$4,000 + $1,050.00 = $5,050.00

Answer Link

Otras preguntas

A little help maybe? What document made the Judicial branch.
Please Help!!! i need it... :(
Which action by state of Maryland led to McCullough v. Maryland
Help me asap I’ll give brainliest Line segment AB has a length of 4 units. It is translated 1 unit to the right on a coordinate plane to obtain line segment A
Can someone please help me with geometry? Thank you.
Answer the question below
Natalie practices the flute 4 days per week. She practices 45 hour each day. How many hours does she practice the flute each week?
What is the value of b in the equation (y)* 1 (*)" - ? у24 -20 О 6 ООО 6 20 HELPPPPPP
If (3x2 + 22x + 7) ÷(x + 7) = 3x + 1, then (x + 7)
Order the rational numbers on a number line. 2, -2.4, -5.7, 3, 4.9