bewellplus.gsu.edu
hen2 hen2
  • 07-02-2015
  • Mathematics
Answered

jason deposits $5,000 in the bank that will pay him 4% simple interest annually if jason deposits no more than the initial $5,000 how much money will be in the account at the end of five years?

Verified Answer :

jordynncarpenter
jordynncarpenter jordynncarpenter
  • 07-02-2015

At the end of 5 years, $6,000 will be in Jason's account.

4%=0.04
\(5000*0.04=200 \\ 200*5=1000 \\ 1000+5000=6000\)

Answer Link

Related Questions

Whats not resistant to bacterial growth jam salt jam or mayonnaise
Which term does not describe a type of fracture
solve the equation hg7
Language should be meaning it does not reflect a bias or offend the audience
if justins car can travel 77 12 miles with 3 110 gallons of gas how far can they travel on one gallon
another name for king is ahaven bbluff cmonarch dminiature
James started tutoring children several times a week The first 2 weeks he had to buy tutoring supplies and had losses of 40 and 56 The next three weeks he made
Time spent with a professional in his or her work environment is known as
I need a simile about things found in nature
a carton can hold 1000 unit cubes that measure 1 inch by 1 inch by 1 inch Describe the dimensions of the carton using unit cubes