cupcake2463 cupcake2463

24-08-2020
Mathematics

contestada

Find the amount of $8000 for 3 years,compounded annually at 5% per annum. Also ,find the compound interest

Respuesta :

mhanifa mhanifa

24-08-2020

Answer:

$9261

$1261

Step-by-step explanation:

Principal: $8000

Interest rate: 5% PA compounded annually

Time: 3 years

Sum = $8000*(1.05)³ = $9261
Interest = $9261 - $8000 = $1261

Answer Link

Otras preguntas

How does Winston know that Julia is aware he betrayed her?

Ed logg is credited with the development of which of these games?

What type of line is the graph of x = −2? (1 point)

Are your sure because I do not get it or understand it?

I need help simplyfing 4/1/5 <---- fraction btw

How do you solve 2/3 x=12 one step

If $396 is invested at an interest rate of 13% per year and is compounded continuously, how much will the investment be worth in 3 years? (A, right?) $584.88 $5

Which of the following statements about the English Puritans is not true?

Which pair of numbers shows a common factor and a common multiple of 15 and 18 Question 3 options: 3 and 60 3 and 90 5 and 180 6 and 270

In a group there are 35 girls for every 10 boys. what is the reduced ratio.