anayatodd15 anayatodd15

13-02-2017
Mathematics

Answered

$4000 principal earning 6% compounded annually after 5 years

Verified Answer :

Anoushkaa11 Anoushkaa11

13-02-2017

If $4000 is the principal, compounded annually at 6%per annum for five years, then-
Amount=principal *(1+rate/100)^5
=4000*(1+6/100)^5
=4000*(53/100)^5
=5352.90
Therefore, Compound Interest =5352.90-4000
=$1352.90
Please recheck the calculation.

Answer Link

Related Questions

The table shows values for points on the graph of a linear function x 2 1 2 4 y 13 1 3 11 What is the slope of the graph of this linear function

A literary device that provides hints about what is to happen later in the story is 1 point an aside a soliloquy foreshadowing the backstory yep but I dont want

Proclamation Act of 1763

Question 1 What can be done to reduce the production of carbon dioxide increase oil consumption decrease wind energy consumption decrease coal consumption incre

A direct variation function contains the points 2 14 and 4 28 Choose from the following the equation that represents the function A y x14 B y x7 C y 7x D y 14x

Matt wrote the number four million three hundred five thousand seven hunderd sixty as 4305500 decribe his error

Four equivalent expressions for 36m3

A Justice of the Peace has the authority to determine minor civil and criminal cases and administer oaths and marriages Please select the best answer from the c

Which of these powers are under the control of the state administering elections regulating commerce coining money declaring war

Web Analytics