aymirremosby aymirremosby
  • 01-05-2022
  • Mathematics
contestada

Edgar has $30 in an account that earns 5% interest compounded annually. To the nearest cent, how much interest will he earn in 2 years?

Respuesta :

YulTheNinja YulTheNinja
  • 01-05-2022

Answer:

Total Interest = $3.08

Step-by-step explanation:

A = P (1 + r/n)^(nt)

A = 30(1+.05/1)^(1*2)

A = 33.08

We want to find interest only so subtract principal amount from total value

33.08-30 = 3.08

Total Interest = $3.08

Total Value = $33.08

Mark brainliest please!

Answer Link

Otras preguntas

What contributions did Ambroise Pare make to modern medicine?
who decided the 1824 presidential election
The steel bridge was strong. Is the language in the passage mostly literal or mostly figurative? A. figurative B. literal
44 people are going on a trip each bus carries 8 people how many buses will they need
Happy Pancake House is charging $6 per pancake plate, plus a one-time $4 service fee. Make a table to find the cost for up to 8 plates ordered. Is the situation
where is the cytoplasm located
A polynomial function with real coefficients has real zeros true or false
cunning as a savage pitted against the wilderness, Which type of figurative language is displayed in this line from the poem "Chicago" by Carl Sandburg? A) rhym
If you wanted to follow the longest river and hike upstream, which direction would you head?
How do resources affect the development of a country?