Register
Bernie deposited $2,000 in an account earning 10% interest compounded annually. To the nearest cent, how much will he heave in 5 years?
181k views
5 votes
Bernie deposited $2,000 in an account earning 10% interest compounded annually. To the nearest cent, how much will he heave in 5 years?

User Jim Horn
by
3.1k points

2 Answers

5 votes

Answer:

3000

Explanation:

2000 x .10= 200 that's interest for one year

200 x 5 = 1000 that's interest for 5 years

1000 + 2000= 3000 total amount of money in five years

User Sharlette
by
3.2k points
1 vote

Answer:3,221.02

Explanation:

User Maciej Kravchyk
by
3.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.4m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
A survey of 539 adults aged 18-24 year olds was conducted in which they were asked what they did last Friday night. It found: 189 watched TV 163 hung out with friends 29 watched TV and ate pizza, but did
Link Copied!