pxs4996
pxs4996 pxs4996
  • 25-05-2021
  • Mathematics
contestada

An account with an initial balance of $5000 earns 5% interest for 3.5 years.

Respuesta :

altavistard
altavistard altavistard
  • 25-05-2021

Answer:

The investor will earn $875 over the course of 3.5 years.

Step-by-step explanation:

Sounds like simple interest (not compound interest).

The appropriate formula is i = prt, which here is

i = $5000(0.05)(3.5) = $875

The investor will earn $875 over the course of 3.5 years.

Answer Link

Otras preguntas

what two layers of the plant contain chloroplasts?
How effective communication will help you in your transition from school to post - school destination
which choice is capitalized incorrectly? Have you ever read "the Ransom of Red Chief"? (a) Ransom (b) Have (c) Red Chief (d) the
What important idea does Emily Dickinson want readers to understand after reading "There Is No Frigate Like a Book"? A. Only the poor can truly appreciat
what is the heritage for most Italians
how do you solve this equation 9(e-2)=8(e-1)
Which additional word or words in the sentence should be capitalized? The librarian told me that my side of the mountain is a great book. Choose all answers tha
what are two adaptations that enable mammals to survive cold winters
What city in region 2 is located near 60 degrees N latitude and 10 degrees longitude
Comparisons: Janeka draws 4 houses Kelly draws 3 more than Janeka. How many houses does Kelly draw? Thanks