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16.11.2020 •
Mathematics
Chaleah deposited $700 in a new account that earns 5 simple interest. After 4 years, how much interest will she have earned? How much total money will Chaleah have after 4 years
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Ответ:
FV= $875
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $700
Simple interest (i)= 5% = 0.05
Number of periods (n)= 4 years
To calculate the future value (FV), we need to use the following formula:
FV= PV*i*n + PV
FV= 700*0.05*5 + 700
FV= $875
Ответ:
$2.5 so she plays $52.50 for the dress.
Step-by-step explanation: