Mathematics: Loretta invested $1000 in a simple interest account yielding 5% paid annually. In 2 years, she will have $1100 in her account. From this example, we can conclude that 5% represents the: A. simple interest. B. periodic interest rate. C. future value of her account. D. present value of her account.

Loretta invested $1000 in a simple interest account

Ответ:

ajbyrd911

22.04.2020

Mathematics

Step-by-step explanation: 5 percent is the interest rate

1000x.05x2=100 1000+100=1100

0,0(0 оценок)

Ответ:

eduardo60

16.02.2020

Mathematics

B. because it's the same angle and everything

0,0(0 оценок)

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.

Ask your question

Loretta invested $1000 in a simple interest account yielding 5% paid annually.
In 2 years, she will have $1100 in her account. From this example, we can
conclude that 5% represents the:

A. simple interest.
B. periodic interest rate.
C. future value of her account.
D. present value of her account.

Ответ:

Ответ:

Ask your question to the AI advisor

More tips

Answers on questions: Mathematics

Ask an AI advisor a question