Register
how much interest would $5,000 earn in one year at a rate if 5% compounded annually? what would be the new balance
58,255 views
4 votes
4 votes
how much interest would $5,000 earn in one year at a rate if 5% compounded annually? what would be the new balance

User Brian Bird
by
2.4k points

2 Answers

6 votes
6 votes
In one year $5000 at an interest rate of 5% would earn $250 and the new balance would $5250
User Sayingu
by
3.0k points
12 votes
12 votes
The answer would be $5,250

You would do 5,000 x 0.05 = x
User Steztric
by
2.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

Can anybody tell me what’s going on here?
Granola costs $1.76 per pound. Write and solve an equation to determine the number of pounds p of granola that can be purchased with $7.04. The equation is: The value of x is
Evalute 8a -1+0.5b when a =1/4 and b= 10 how dose this work i need help..
PLZ needed now plz URGENT!
HELP PLEASE, I NEED THE ANSWER QUICKLY
Link Copied!