catelynferguson095 catelynferguson095
  • 15-03-2022
  • Mathematics
contestada

how much interest would $5,000 earn in one year at a rate if 5% compounded annually? what would be the new balance

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fable009
fable009 fable009
  • 15-03-2022
The answer would be $5,250

You would do 5,000 x 0.05 = x
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zombob84 zombob84
  • 15-03-2022
In one year $5000 at an interest rate of 5% would earn $250 and the new balance would $5250
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