mamabear0107143
mamabear0107143 mamabear0107143
  • 21-11-2019
  • Mathematics
contestada

Use the simple interest formula to find the ending balance.

$4000 at 6.5% for 5 years.

Enter your answer in the box below.

Respuesta :

MrFrostyBudds MrFrostyBudds
  • 21-11-2019

Answer:

Step-by-step explanation:

The simple interest formula is: A = P( 1 + rt )

A = final amount

P = initial principal balance

r = interest rate

t = time periods

----------

To solve, plug in the numbers into the variables:

$4000 at 6.5% for 5 years

P = $4000

r = 6.5% or 0.065

t = 5

So:       A = 4000( 1 + (0.065 × 5))

A = 4000( 1 + 0.325)

A = 4000(1.325)

A = 5300

Hope it helped!

Answer Link
jojokpop1053
jojokpop1053 jojokpop1053
  • 23-02-2021

Answer:

5300

Step-by-step explanation:

i took the test

Answer Link

Otras preguntas

work out 9 over 13 of 182 (9 over 13 is supposed to be a fraction)
Which group of compounds tastes bitter and are usually slippery when placed in water?.
what digit 2 is in this number 296,743​
There are people fishing at Lake Connor: 4 have fishing licenses, and 4 do not. An inspector chooses two of the people at random. What is the probability that
PLEASE ANSWER - 5 STAR RATING - BRAINLIEST IF MORE THAN 1 ANSWER - THANKS - give me ideas! Title: Periodic Table Connections The periodic table helps me ... My
area = 756 cm^2 h = 18 cm a = 39 cm b = ?​
What is 25% of 48? What is 150% of 30?
How do you find the volume of a sphere? Please use steps to explain.
An older client has decreased blood flow to the nails. Which nursing action would be most effective for the client
What is the sine ratio b2