averymckinney1001 averymckinney1001

21-01-2021
Mathematics

contestada

Elisa puts $750 in a savings account. The account earns an annual
interest rate of 8%. How much will she earn after 5 years? What is the
balance of her account?

Respuesta :

bexwhite2610 bexwhite2610

21-01-2021

Answer:

750/100 X 8 = 60

60 X 5 = 300

she will earn $300 simple interest

balance of account = $1050

compound interest

100 + 8 = 108

108/100= 1.08

750 X 1.08^5 = 1101.9960576

1102.00 - 750 = $352 compound interest

balance of account = $1102

Answer Link

Otras preguntas

An essential material for photosynthesis is/are Chloroplasts Nitrogen Chlorophyll ??

The longest river in the world is the ____ river. A. Indus B. Nile C. Mississippi D. Missouri

Read the excerpt from Roosevelt’s State of the Union address. We take off our hats to the farmers who have faced an unprecedented task of feeding not only a gr

To offer meals to students, schools may ___________________. prepare their own meals operate commissaries or cafeterias purchase ready-to-serve meals all of the

Although the climate of the Middle East varies, one constant is that rainfall is minimal in the region. snow never falls in the region. the temperatu

20 points please answer i really need this and please explain the number line no more than 20 all i can give is 20

What is the value of x in the equation 3(4x + 6) = 21?

Express each logarithm in terms of In 2 and In 5. [tex]In\frac{32}{125}[/tex] [tex]In12.5[/tex]

in what year was the tokugawa shogunate defeated

use the word bicameral and republic in a sentence about the newly independent united states