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

How can you tell if a piece of evidence is relevant?

Good academic achievement is generally correlated with A: good learning theories B: a high sense of self efficacy C:A sense of Cognition D: transcendence in

PLEASE HELP ME I NEED IT TO BE DONE

Jack picks 5 pounds of apples in 8 minutes. Jill picks 6 pounds of apples in 10 minutes. Working together at these rates, how many pounds of apples will they pi

A dwelling place is also called a

Find the point-slope equation for the line that passes through the points (30,2) and (15,-28) use the first point in your equation

How can beauty exist in the midst of brutality?

What two processes are involved in the formation of Earth’s magnetic field?

What is the most likely cause of a disorder if both monozygotic and dizygotic twins show a high concordance rate?

Name all the boys that are in the band Why Dont We?