BlueToadGaming BlueToadGaming

12-04-2022
Mathematics

contestada

You have $5,000 to invest for ten years. The Bank pays simple interest at an annual rate of 5%. Calculate your balance after 10 years.

Respuesta :

akjlaurelsprings akjlaurelsprings

12-04-2022

Answer: $7,500

Step-by-step explanation:

Use the formula: SI = P(1 + rt)

SI = 5000(1 + 0.05[10])

SI = 5000 + 2500

SI = $7,500

After 10 years, your balance should be $7,500

Answer Link

Otras preguntas

Which of the following is a requirement to become a naturalized citizen in the United States? a) Be at least 18 years old b) Be born in the United States

Nate has an account that pays 2.76% simple interest per year and wants to accumulate $3,090 in interest from it over the next 15 years. How much money should Na

Which functions are continuous at x= -2? Select all that apply.

75 points to the first person who helps The dot plot below shows the number of different types of trees in Sean's garden: A straight line is shown with 4 equidi

PLEASE HELP ME ITS DUE TONIGHT!! Given h(x)=5(x-6)^2+2 what transformations were done compared to the parent function f(x)=x^2?

The table shows the value of an account x years after the account was opened. Based on the exponential regression model, which is the best estimate of the val

What is the value of y ?

find the area of a triangle with the given base and height 7ft, 2in

Of maceo’s $750 salary,he puts 10% in his savings account,1/8 towards rent,and 1/3 for food. How much of his salary was left (in dollars) for other expenditures

What is Nigeria's economic system