Question

Elliot opened a savings account and deposited $5000.00 as principal. The account earns 4% interest, compounded annually. How much interest will he earn after 5 years? Round your answer to the nearest cent.

216

likes

1082 views

Answer to a math question Elliot opened a savings account and deposited $5000.00 as principal. The account earns 4% interest, compounded annually. How much interest will he earn after 5 years? Round your answer to the nearest cent.

$Expert avatar$

Santino

4.5

112 Answers

Interest will be : $1083.26

Frequently asked questions (FAQs)

What is the equation of a hyperbola with a center at (2, -3), vertical transverse axis, vertical asymptotes at x = 3 and x = 1, and foci at (2, -1) and (2, -5)?

Question: Find the derivative of f(x) = e^(3x) + ln(5x) with respect to x.

Find the measure of each interior angle in an equilateral triangle.

New questions in Mathematics

a ferry travels 1/6 of the distance between two ports in 3/7 hour. the ferry travels at a constant rate. at this rate, what fraction of the distance between the two ports can the ferry travel in one hour?

QUESTION l. An investigation has been carried out in a region to know the perception of "citizen insecurity" of its inhabitants. 1,270 people in the region were interviewed, of which 27.1% responded that it was a "serious" problem. Knowing that this opinion was previously held by 25.3% of the population of that region, we want to know if said opinion has changed significantly for a confidence level of 97.2%. Taking this statement into account, the following is requested: a) Critical value of the contrast statistic. b) Solve the hypothesis test and indicate what conclusion we can reach. c) P-value of contrast.

What is the amount of interest of 75,000 at 3.45% per year, at the end of 12 years and 6 months?

Consider the relation R defined on the set of positive integers as (x,y) ∈ R if x divides y. Choose all the true statements. R is reflexive. R is symmetric. R is antisymmetric. R is transitive. R is a partial order. R is a total order. R is an equivalence relation.

Let I ⊂ R be a bounded and nonempty interval. Show that there are numbers a, b ∈ R with a ≤ b and I =[a,b] or I =[a,b) or I =(a,b] or I =(a,b)

Let f(x) = x² − 1. Find the equation of the tangent line to the graph of f at the point x0 = 2.

How many anagrams of the word SROMEC there that do not contain STROM, MOST, MOC or CEST as a subword? By subword is meant anything that is created by omitting some letters - for example, the word EMROSCT contains both MOC and MOST as subwords.

find x in the equation 2x-4=6

Calculate the boiling temperature and freezing temperature at 1 atmosphere pressure of a solution formed by dissolving 123 grams of ferrous oxide in 1.890 grams of HCl.

Scores are normally distributed with a mean of 25 and standard deviation of 5. Find the probability that sixteen randomly selected students have a mean score that is less than 24.

A bag has 4 green lollipops, 3 white lollipops, and 1 black lollipop. What is the probability of drawing a white lollipop?

Derivative of 2x

A company has had the following data for two consecutive years. Total, asset item 3,100,500 euros 3,300,550 euros. Net amount of business figures 4,755,250 euros /5,100 euros Average number of workers employed during the year 64/70 You can present a balance sheet in an abbreviated form

y′ = 2x + 3y x′ = 7x − 4y x(0) = 2 y(0) = −1 sisteminin ¸c¨oz¨um¨un¨u bulunuz. (Lineer Denk. Sis.)

What js the greatest 4-digit even number that can be formed by 3,6,1,4?

draw the condensed formula fpr 3,3,4 triethylnonane

The supply of a good registers periodic increases. With each increase in the offer, the total receipts of the bidders increase. Indicate the correct statement: a) demand is elastic b) demand is inelastic c) supply is inelastic d) supply has unit elasticity.

Write an equation of the affine function whose graph is perpendicular to the graph of f(x) = 5x − 1 and passes through the point (5, 20).

An invoice for €2,880 plus default interest of €48.40 was paid on October 28th. Interest rate 5.5%. When was the bill due?

Construct a set of six pieces of data with mean, median, and midrange of 67 and where no two pieces of data are the same.

Elliot opened a savings account and deposited $5000.00 as principal. The account earns 4% interest, compounded annually. How much interest will he earn after 5 years? Round your answer to the nearest cent.

Answer to a math question Elliot opened a savings account and deposited $5000.00 as principal. The account earns 4% interest, compounded annually. How much interest will he earn after 5 years? Round your answer to the nearest cent.

You might be interested in