Aradiamegid0
Aradiamegid0 Aradiamegid0
  • 17-02-2022
  • Mathematics
contestada

If Buddy invests $500 in a savings account that pays 2% interest. How much interest will he make after 5 years?

PLS HELP FAST

Respuesta :

vipblobfree22
vipblobfree22 vipblobfree22
  • 17-02-2022

Answer: At the end of 5 years, your savings will have grown to $552.

You will have earned in $52.04 in interest.

Answer Link
mhanifa
mhanifa mhanifa
  • 17-02-2022

Answer:

  • $50

Step-by-step explanation:

Assumed it is a simple interest.

2% for 5 years is:

  • 2% * 5 = 10%

10% on $500 is:

  • $500*10/100  = $50
Answer Link

Otras preguntas

The points (-2,-4) and (8,5) are the endpoints of the diameter of a circle. Find the length of the radius of the circle.
allie is making 8 dozen chocolate chip muffins and the recipe she is using calls for 16 ounce of chocolate chips for 3 dozen how many ounces does she need for
what is the consonant of the word MATH
y=5x-8. what is the input whne the output is 12?
Find the circumference of a circle with the diameter of 13.6 feet
allie is making 8 dozen chocolate chip muffins and the recipe she is using calls for 16 ounce of chocolate chips for 3 dozen how many ounces does she need for
What is a radius of a circle
Romeo and Juliet - Act V Scene iii How does Romeo’s response upon learning of Juliet’s death reinforce the belief in fortune and fate?
What is the square root of ab^2
What 2 numbers add up to get 17 and multiply to get 42??