Register
Mrs. C loans Mr. R $50 000 to start his magic shop. She charges him 20% interest compounded anually. how much will he own her in FIVE years? Show your work including the formula for calculating compound
78.1k views
2 votes
Mrs. C loans Mr. R $50 000 to start his magic shop. She charges him 20% interest compounded anually. how much will he own her in FIVE years? Show your work including the formula for calculating compound interest.​

User Olanrewaju
by
3.3k points

2 Answers

4 votes

Answer: it should be 100,000

Explanation:

If I am doing this right than 20% of 50,000 is 10,000. That will be 50,000. So 50,000+50,000=100,000.

User Dummmy
by
3.6k points
4 votes

Answer:

2,000

Explanation:

User Dan Story
by
4.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m 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
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
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
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!