cupcake2463 cupcake2463

24-08-2020
Mathematics

contestada

Find the amount of $8000 for 3 years,compounded annually at 5% per annum. Also ,find the compound interest

Respuesta :

mhanifa mhanifa

24-08-2020

Answer:

$9261

$1261

Step-by-step explanation:

Principal: $8000

Interest rate: 5% PA compounded annually

Time: 3 years

Sum = $8000*(1.05)³ = $9261
Interest = $9261 - $8000 = $1261

Answer Link

Otras preguntas

the ratio of dogs to cats in the pet store is 3/5. how many cats are there in the store if there are 21 dogs

What idea was proposed by 19th-century socialists? A)A return should be made to the guild system of the Middle Ages. B)Government should own the means of produc

describe step by step how we can map the field of a variable quantity.

in 1961-1962 which Georgia's's cities gained the most headlines from the protest happening there?

According to this equation, F=ma, how much force is needed to accelerate an 82-kg runner at 7.5m/s2? A. 615 N B. 10.9 N C. 615 m/s D. 10.9 m/s

PLEASE HELP I DON'T UNDERSTAND

Why is Confucianism considered a philosophy and not a religion? A. Confucius said people should honor him because he set a good example. B. Confucius taught ab

In a church has 5 candles, enter 3 and 2 thieves thieves, every thief takes one candle, how many candles are left in the church

why does vegetation grow well in the wet and warm tropical climate

What is the equivalent of 3/6