juliaajoseph juliaajoseph
  • 23-02-2017
  • Mathematics
contestada

A deposit of $5000 is made into a savings account which earnes 3&3/4% interest compounded annually. If no additional deposits or withdrawals are made, which amount is the total balance at the end of 10 years?


A.$6,719.58

B.$6,875.00

C.$7,225.22

D.$7,401.22

Respuesta :

zexius
zexius zexius
  • 23-02-2017
[tex]5000 * (\frac{100 + 3.75}{100}) ^{10} [/tex] = $7225.21971 ($7225.22)
Answer Link

Otras preguntas

What is a polis? A. a city-state run by kings B. the head of a Greek city's government C. an elected official in the Athenian assembly D. a small state run
a large portion of china's food comes from the
how many 1/3s are in 1 whole
Jennie makes 7 quilts with 21 yards of material. how many yards of material is required to make 12 quilts
Jenny has 50 square tiles. She arranges the tiles into a rectangular army of 4 rows. How many tiles are leftover?
why did pangea break up ?
Which sentence does not have an error in subject and verb agreement? A. The sun, warm and sunny, were shining on the lake. B. A slim chance at success was my
Who believed moral behavior was a major piece of their relationship with the creator? A. Egyptians B. Hebrews C. both
Solve each system using substitution. 3x+2y=23 1/2x-4=y
how to do 8.478 in expanded form