hylankn57stu
hylankn57stu hylankn57stu
  • 19-03-2021
  • Mathematics
contestada

Bill deposits $500 into an account that pays simple interest at a rate 6% per year. How much will he be paid in the first 5 years?

Respuesta :

waxingmoon01 waxingmoon01
  • 19-03-2021
The answer is A=$650

The equation to solve this is: A=P(1+rt)

More specific to this problem:
A = 500(1 + (0.06 × 5)) = 650
A = $650.00
Answer Link
millcrkcotters millcrkcotters
  • 22-03-2021
The answer is $650
Hope this helps
Answer Link

Otras preguntas

8 - 3 ( p - 4 ) = 2p
A 2-inch-wide frame is to be built around theregular decagonal window shown. At what angles a and bshould the corners of each piece be cut?
A 2-inch-wide frame is to be built around theregular decagonal window shown. At what angles a and bshould the corners of each piece be cut?
A 2-inch-wide frame is to be built around theregular decagonal window shown. At what angles a and bshould the corners of each piece be cut?
compare and contrast an electric generator and a battery??
compare and contrast an electric generator and a battery??
Why wasn't New England's land well-suited for farming
a croquet ball weighs 460 grams. together a golf ball and a croquet ball weigh the same as 11 golf balls.how much does 1 golf ball weigh?
compare and contrast an electric generator and a battery??
compare and contrast an electric generator and a battery??