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

After ovulation, the secondary oocyte is drawn from the peritoneal cavity into the uterine tube by _________

When do extrinsic rewards undermine intrinsic motivation? When do extrinsic rewards increase desired behavior or improve intrinsic motivation?

An alteration in which neurotransmitter is most closely associated with the etiology of alzheimer’s disease?

Help pls i cant answer and i need to get them right

An isosceles trapezoid has a perimeter of 108 metres. Its shorter base measures 11.5 metres and its longer base measures 28.1 metres. The two remaining sides ha

What happens when a secured party and an unsecured party claim security interests in the same collateral? is that fair? why or why not?

If another hydrogen of c2h5cl is replaced by a chlorine atom to yield c2h4cl2, how many isomers would result?

When the points in a scatter plot cluster closely around the regression line, the correlation can be said to be?

Would your computation be different if the company reported $320,000 worth of contingent liabilities in the notes to the statements?

Which pesticides are exempt from the notification, posting and reporting requirements of the healthy schools act?.