ztolbert10 ztolbert10
  • 19-04-2017
  • Mathematics
contestada

Barry's savings account has a balance of $2874. After 9 years, what will the amount of interest be at 5% compounded annually?

Respuesta :

jsully1199
jsully1199 jsully1199
  • 19-04-2017
what you need to do is take $2874 and divide the 5% and then times the 9 by what you get 

Answer Link
Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 19-04-2017
A=2,874×(1+0.05)^(9)
A=4,458.52

Interest earned
4458.52-2874=1,584.52
Answer Link

Otras preguntas

need help pls and thank you​
Question 17 17. Find the scale factor that was used in the dilation shown.
cual es el signo que no se debe omitir en la suma y resta de numeros enteros
What was the main purpose and outcome of the Slidell mission? President Polk sent John Slidell to offer to buy Texas from Mexico, but Mexico executed Slidell as
Which correctly describes how the graph of the inequality 5x + 2y = 13 is shaded?
You deposit $2000 in an account that pays 7% interest compounded semiannually. After 5 years, the interest rate is increased to 7.28% compounded quarterly. What
An increase in supply: (2)(a) Indicates that more is supplied at higher prices.(b) Indicates that more is supplied at lower prices.(c) Indicates that more is su
3/4x-1 1/2x+7 23 32 46 92
Help pls, no links those are malware.
What is m∠1? HELP please