michelle51056 michelle51056

03-04-2021
Mathematics

contestada

If Jeffrey invested $2,000 (principal) for 5 years at 5% interest rate compounded annually how much Interest would he earn over 5 years?

Respuesta :

wolf1728 wolf1728

03-04-2021

Answer:

Total = principal * (1+ rate/100)^ years

Total = 2,000 * 1.05^5

Total = 2,000 * 1.2762815625

Total = 2,552.36

Source: http://www.1728.org/compint2.htm

Step-by-step explanation:

Answer Link

Otras preguntas

four fifts times what equals two thirds

In the fiscal year 2016, most of the state of Georgia's revenue came from personal income tax. Which of these was the next-largest source of revenue?

The hormone adh is produced by cells whose bodies are in the ____, but it is actually released or secreted in the _____. a.anterior pituitary; posterior pituita

Ways to get ur credit up

Can someone help me and see if this is right?

Read the following paragraph from "Wanted: A Town Without Crazy." So to enter the town with the honor and glory befitting a loony, I had to start with my clothe

It has floated away down a dark mythological river whose name begins with an L as far as you can recall, well on your own way to oblivion where you will join th

I need help with my math hw

I need help with 1 and 3 please

Lower-body obesity significantly increases one's risk for chronic disease. lower-body obesity significantly increases one's risk for chronic disease. a. True