zoestout247
zoestout247 zoestout247
  • 23-09-2021
  • Mathematics
contestada

What is the balance after one year on an investment of $20,000 earning 5.2% interest compounded annually? A. .052 B. 21,040 c. 20,000 D. 1040​

Respuesta :

abhishekdhital2006
abhishekdhital2006 abhishekdhital2006
  • 23-09-2021

Answer:

1040

Step-by-step explanation:

P=$20000

T=1 year

R=5.2%

we know that ,

I=PTR/100

I=$20000*1*5.2/100

I=1040

Answer Link

Otras preguntas

What is the surface area of this figure?
Solve the system of equations at right. 2^(x+y)=16 2^(2x+y)= 1/8
Which groups were targeted during the Spanish Inquisition?
please answer doing ixl
Staples sells boxes of pens ($25) and rubber bands ($5). Leona ordered a total of 20 cartons for $360. How many boxes of each did Leona order? Hint. Let P= Pens
Carlos wants to send Cecil a message encrypted with RSA. Cecil has published his public encryption exponent $5$ and his public modulus $133$. When Carlos encryp
Using the drop-down menu, complete these sentences about arguments. The (required argument, keyword argument, default argument) identifies the argument by param
could someone pls help me? thank you
Mr. Reams mixes 12 cups of a paint in a large bowl. He uses the paint to fill 40 small dishes with two fluid ounces of paint each. How many cups of paint does M
HELP ANSER FAST AND CORRECTLY :')