Seudónimo Seudónimo
  • 18-04-2021
  • Mathematics
contestada

5,000 is invested at an interest rate of 8% compounded annually. how much is the investment return after 20 years?​

Respuesta :

tj4edema tj4edema
  • 18-04-2021

Step-by-step explanation:

5k×8×20

_______ =800

100

Answer Link
jimrgrant1 jimrgrant1
  • 18-04-2021

Answer:

≈ 23305

Step-by-step explanation:

The amount A is calculated as

A = P [tex](1+r)^{t}[/tex]

P is the principal

r is the interest rate

t is the time in years

A = 5000 [tex](1+0.08)^{20}[/tex]

   = 5000 [tex](1.08)^{20}[/tex]

   ≈ 23305 ( to the nearest whole number )

Answer Link

Otras preguntas

find the volume of each sphere, both in terms of pi and to the nearest tenth. use 3.14 for pi
Anne has 24 more cards than Devi.  Anne finds that 3/5 of Devi's cards are equal to 1/2 of her cards.  How many cards does Anne have?
what the british government wanted?
Do 1 gallon and 8 pints represents the same amount
convert to fraction .34
what the british government wanted?
Anne has 24 more cards than Devi.  Anne finds that 3/5 of Devi's cards are equal to 1/2 of her cards.  How many cards does Anne have?
I need the inequality answer.florence wants to buy onions and doesn't want to spend no more than $3. Can she buy 2.5 pounds ? They are 1.25 pound
Give this topic sentence : Swimming is really the health exercise anyone can do. What other detailed sentence you can say about the topic sentence.
Do 1 gallon and 8 pints represents the same amount