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

Social media is a common place for hackers to steal personal information. Which social media outlet is a hacker's favorite target

Claton Industries has revenues of $128,000 for 2020. Their operating expenses are $80,000, and the income tax is $12,000. What is the net income for this compan

why computer known as tool of information

what is the valency of Sulphur!!

Activity of integration Most of the people in a certain village called Bileafe where much tobacco is grown bought vehicles after tobacco sales. However, no soon

Rewrite using a single positive exponent 7^-6 * 7^2 (The 6 is negative)

determine the cation of each? HURRY!!!

Based on the nonverbal messages you see in this photograph, which of the following most likely describes this person’s situation? a. It is late at night and thi

If it takes John 10 hours to paint the fence, how long will it take John and his 2 friends to do the job if they work at the same rate? A) 1 1/3 hours B) 1 2/

how do you change you name in this step by step