connoremkey connoremkey
  • 14-11-2017
  • Mathematics
contestada

If $10,000 is invested at a rate of 2.5 percent for 5 years, how much money is in the account at the end of the term?

Respuesta :

stronglev stronglev
  • 14-11-2017
10,000(1 + .025 x 5)
11,250
Answer Link
Tijai15
Tijai15 Tijai15
  • 14-11-2017
Your answer would be $400,000 or 400 thousand dollars.

The reason is, $10,000 is at a rate of 2.5 percent for 5 years, and so the percentage needs to multiply by 40 to get to 100%, (The full investment) so 40 needs to multiply by $10,000 for your answer. Thank you and hope this helps.
Answer Link

Otras preguntas

help me with this? cause I dont really understand this.
what is the name given to half of the earth that includes Asia, Austria, most of Africa, most of Europe, and Antarctica
Laura cuts 64 inches of ribbon into two parts and give her mom one part. Laura's part is 28 inches long. Her mom cuts her ribbon into 6 equal pieces. How long i
Jana bought a car for $4200 and later sold it for a 30% profit. How much did Jana sell the car for?
how long has Columbia been a country
Which equation represents sublimation?1) [tex]Hg_{(l)}\to Hg_{(s)}[/tex]2) [tex]NH_{3(g)}\to NH_{3(l)}[/tex]3) [tex]H_2O_{(s)} \to H_2O_{(g)}[/tex]4) [tex]CH_{4
A sample of CO2(s) and a sample of CO2(g) differ in their1) chemical compositions2) empirical formulas3) molecular structures4) physical properties
what is the answer to 7-6(7/5+7)
What is water in the Arabic language called ??
why do we need speeding laws? why do we have drinking and driving laws? why do we have a work safe policy?