kdfawesome5582
01.06.2020 •
Mathematics
Please help!
Quincy has $6,000 in a savings account that earns 4% interest, compounded annually.
To the nearest cent, how much interest will he earn in 5 years?
Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
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Ответ:
Given Information:
Principle amount = P = $6,000
Interest rate = r = 4% = 0.04
Period in years = t = 5
Required Information:
How much interest will he earn in 5 years = ?
Amount of interest = $1,299.92
Step-by-step explanation:
Using the formula given in the question,
Where B is the final amount, P is the initial amount, r is the interest rate and t is the number of years
The amount of interest earned is
Therefore, Quincy has earned $1,299.92 in terms of interest by investing $6,000 in a savings account at the rate of 4% annual interest for a period of 5 years.
Ответ:
Step-by-step explanation:
can solve to find the number of packets of Bertie Bott's Every Flavor Beans and the number of packets of chocolate frogs that he and his friends bought at Honeydukes. Tell what the variables used in the equations represent. (5 points)
Part B: Solve the system of equations from Part A to find out how many packets of chocolate frogs and Bertie