michelle51056 michelle51056

03-04-2021
Mathematics

contestada

If Jeffrey invested $2,000 (principal) for 5 years at 5% interest rate compounded annually how much Interest would he earn over 5 years?

Respuesta :

wolf1728 wolf1728

03-04-2021

Answer:

Total = principal * (1+ rate/100)^ years

Total = 2,000 * 1.05^5

Total = 2,000 * 1.2762815625

Total = 2,552.36

Source: http://www.1728.org/compint2.htm

Step-by-step explanation:

Answer Link

Otras preguntas

In “Blues Ain’t No Mockin Bird,” why does the giant hawk come “flyin into things reckless with crazy”?

What College did Barack Obama, our 44th President Attend??

A jar contains 8 red marbles numbered 1 to 8 and 12 blue marbles numbered 1 to 12. It alse has 5 white marbles numbered 100, 200, 300, 400, and 500. A marble is

Read the excerpt from "Children of the Drug Wars." If many children don’t meet strict asylum criteria but face significant dangers if they return, the United St

Which of the following is not one of the seven primary odors humans recognize? fresh putrid pungent roses

Please help!!!! I need this to pass my classs

PLZ HELP... provide the correct coefficients to balance the chemical equation C2H6+O2 -> CO2 + H20

Suppose the cost of electricity is $0.30 for each kilowatt-hour. Carlos's house runs on 11.4 kilowatt-hours a day. Find the cost of electricity for Carlos's hou

Use the function p(x)=4x-3 what is p(3)

HELLLP TAKING A FINAL