skilyndeniece skilyndeniece

21-09-2020
Mathematics

contestada

Paul deposits $4000 in a bank which pays a compound interest
rate of 4% per year. How much will he have in 5 years.

Respuesta :

wb034124 wb034124

21-09-2020

Answer: He will have 3,200 in 5 years.

Step-by-step explanation: This is because 4% of $400 is 160, and if you multiply that by 5 you get 800, then you just subtract that from the total amount and you get your final answer.

Answer Link

Otras preguntas

Which of the following is a true statement about the journeys Columbus made to the Americas?

Find the sum of 536 and 232

In the 1840s, the main argument in Congress over the transcontinental railroad concerned

During the course of the 16th century for the underpaid musicians blank provided a good source of supplementary income

were is the cause and the effect tim forgot his math book so he was unable to complete his homework

The vast majority of inhabitants along the coast of South Carolina by the 1760s consisted of?

Why would selling indulgences not have been possible before europe had switched to a money economy?

Teresa and Elaine want to know who reads more pages per hour. Teresa keeps track of the number of pages she reads in a graph, and Elaine keeps track of how many

what is 2tens 1one × 10 in a unit form

Why are hurricanes considered more damaging than tornadoes when tornadoes have stronger winds