jadespence2019 jadespence2019
  • 16-05-2020
  • Mathematics
contestada

Corinne made a deposit of $6,000 into an account with a simple interest rate of 5%. How much interest will be in the account after 8 years?

Respuesta :

zrh2sfo
zrh2sfo zrh2sfo
  • 18-05-2020

Answer:

$8,864.73

Step-by-step explanation:

Base amount: $6,000.00

Interest Rate: 5% (yearly)

Effective Annual Rate: 5%

Calculation period: 8 years

Ver imagen zrh2sfo
Answer Link

Otras preguntas

Solve 2x-3=6 please help me
Which of the following is a health problem associated with obesity in children? Risk of not being able to increase strength Risk of not being able to reduce
In the following set, which measure of central tendency would probably be the most accurate representation of the data? 11, 11, 18, 32, 34, 115
Can anyone translate ? It's either Greek or Latin .
how are the seven ages of mandescribed by the persona
With what purchase did the mainland United States reach its present size
What is the approximate percent change in a temperature that went down from 120 degrees to 100 degrees? Answers- A : The precent change was 17% B: The precent c
What are intersecting lines in One angle, which is horizontal?
Which of the following shows why the commutative property doesn't work under subtraction? A. 5 – 1 ≠ 1 – 5 B. 5 – 1 ≠ 5 – 1 C. 3 + 2 ≠ 2 + 3 D. 5 + 1 = 7 –
how does mark anthony and octavius fight about the value of lepidus develop the plot of the tragedy of julius caesar