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An amount of $5,000 is invested. The interest rate is 2%.
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25 votes
An amount of $5,000 is invested. The interest rate is 2%.

User Ende Neu
by
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2 Answers

5 votes

Answer:

$2191.12

Explanation:

User Valchev
by
5.8k points
4 votes

Answer:

A = 5000(1 + 0.06/2)(2)(4) = 5000(1.03)(8) = $6333.85.

Explanation:

User Sunriser
by
5.8k points
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