marissa18293 marissa18293

24-05-2020
Mathematics

contestada

lan is investing $4,800 for 2 years. The interest rate is 5.5%. How much interest will lan earn after 2 years?

Respuesta :

MathPhys MathPhys

24-05-2020

Answer:

$542.52

Step-by-step explanation:

First, find the total amount.

A = P (1 + r)ᵗ

A = 4800 (1 + 0.055)²

A = 5342.52

Now find the interest.

I = A − P

I = 5342.52 − 4800

I = 542.52

Answer Link

Otras preguntas

The table shows values for functions f(x) and g(x) . x f(x) g(x) −2 −8 −2 −1 −1 −1 0 0 0 1 1 1 2 8 2 What are the known solutions to f(x

Evaluate 150+n if n=15

which best describes the solution for this equation 0.5(4x+3)=5x-2.5

Which idea originated with Charles Darwin Traits acquired during a lifetime are passed to offspring Species evolve by natural selection Organisms have underdon

Last week, Karen worked 5 1/2 hours on monday, 6 1/4 hours on wednesday, and 7 1/3 hours on friday. How many total hours did karen work on those three days?

The rule for controls is that _____. A. controls are only necessary if you're not doing an experiment B. everything should remain the same between experiment

Do I place a comma before dad? Just broke your bank account, dad

conjugate the following verbs a. Aller b. Avoir c. Faire d. Etre. e. Aimer

Ms.love is borrowing 27,000 to buy a new car if she borrows the money at 4.15% interest compounded annually for 5 years, how much interest will she pay in her c

What is an uncontrollable expenditure? A:Expenditures such as national defense that the government must support B:An expenditure that the government has to pay