eliperezz4004 eliperezz4004

12-05-2020
Mathematics

contestada

Find the balance in the account after the given period.
$6000 principal earning 5% compounded annually. 5 years

Respuesta :

devishri1977 devishri1977

12-05-2020

Answer:

Step-by-step explanation:

P = $6000

r =5%

t = 5 years

[tex]Amount=P*(1+\frac{r}{100})^{t}\\\\=6000*(1+\frac{5}{100})^{5}\\\\=6000*(\frac{105}{100})^{5}\\\\=6000*(1.05)^{5}\\\\= 6000*1.28[/tex]

= $7657.69

Answer Link

Otras preguntas

Which of the following describes factory work in the late 1800s

#6 math help fun please?

A type of government leaders try to control the media like books and radios could say

why did the partita left England

Why has the United States sought to encourage the spread of democracy in the world? Democratic governments, for the most part, support the United States’ effort

Exposure to environmental hazards such as coal dust, silica dust, and asbestos may lead to pulmonary fibrosis or scarring of the lung tissue. With this conditio

I'd Danah wants the area of her rectangular strawberry patch to be exactly 1 square yard, can the length of the strawberry patch be greater than 1 yard?

The following sentence misuses the word accept: "I'll take all the cupcakes accept the one with cream cheese icing." Which part of language involves knowing the

Steve Hill, a 51-year-old salesman, is at his health clinic for an annual physical exam. After walking from the car to the clinic, he develops substernal pain.

If you wanted to sail, it was impossible to keep a precise record of time. And at sea, if you can’t tell the time, you don’t know how far east or west you are.