![ayshajabeenmeox5jrh](/avatars/38304.jpg)
ayshajabeenmeox5jrh
15.10.2020 •
Mathematics
Gina deposits $150 at the start of each year into a college savings account that pays 2% simple interest at the end of each year. She does not deposit the interest she earn each year. How much total interest will Gina Earn on her deposit through the end of the fifth year?
Solved
Show answers
More tips
- F Family and Home What s That Noise When a Kettle Boils? The Science of Water and Steam...
- S Style and Beauty Ultimate Guide on How to Care for Suede Shoes...
- S Sport Running: How to Do It Right?...
- F Food and Cooking How to Cook Spaghetti Right – Secrets and Tips...
- P Philosophy Personal attitude towards Confession: how to prepare and undergo the procedure correctly?...
- H Health and Medicine Flu: How to Recognize It by the First Symptoms?...
- F Food and Cooking How to Sober Up Quickly? Important Facts and Tips...
- H Health and Medicine How to Properly Take a Blood Sugar Test?...
- H Health and Medicine Simple and Effective: How to Get Rid of Cracked Heels...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
Answers on questions: Mathematics
- M Mathematics Ms. F needs you to walk her dogs Ella and Aries. She will pay you $10 for each time you take Ella and Aries out for a walk. The relationship between the money you...
- M Mathematics Please answer ASAP (-4a^3)^3•a^4 -64a^13 -4a^10 -64a^10 64a^13...
- M Mathematics Please help, it s urgent! Quadrilateral XHKM was transformed to create quadrilateral X’H’K’M’. Which rule best describes this transformation? (x, y)- (x+5, y) (x,...
- M Mathematics Please answer questions 1-9....
- M Mathematics 7. Twenty percent of employees of ABC company are college graduates. Of all its employees, 25% earn more than $50,000 per year and 15% are college graduates earning...
- M Mathematics Whats id 143 divided by 35? im very lonely sooo who wants to talk?...
- M Mathematics Luis viaja en un automóvil a una velocidad constante de 800km/h. A las 13:50h pasa por barranca profunda y continua su camino hasta llegar a Santa Rosa, a las 15:20h....
- M Mathematics Use the distributive property to write an expression that is equivalent to 8( a + 4). 8(a + 4) a + ? 2 8 9 5...
- M Mathematics The Rodriguez family went out to dinner to celebrate a birthday. The dinner cost $157 and they wanted to leave a 25% tip since they were given free birthday cake....
- M Mathematics The number of hours javier spwnds playing video games each week and his grade in algebra 1 showed a correlation coefficient of -0.949. It is therefore logical to...
Ответ:
$45
Step-by-step explanation:
Given the following :
Amount deposited in first year = $150
Interest rate (r) = 2% = 0.02
First year:
Simple Interest = principal * rate * time
= $150 * 0.02 = $3
2nd year:
Principal = $150 * 2 = $300
($300 * 0.02) = $6
3rd year:
Principal = $150 * 3 = $450
($450 * 0.02) = $9
4th year:
Principal = $150 * 4 = $600
(600 * 0.02) = $12
5th year:
Principal = $150 * 5 = $750
($750 * 0.02) = $15
Total interest earned :
$(3 + 6 + 9 + 12 + 15)
= $45
Ответ: