Ask Question
MathematicsMathematics
27 January, 03:46

Amy earns 2 percent annual interest on her $5,000 deposit. How much will she earn after 4 years?

+1
Answers (2)
  1. 27 January, 05:24
    0
    They never sand how many percent she got in 1 year so 8 in 4 years if its 2 percent per year
  2. 27 January, 06:30
    0
    Amy earns 2% interest for here 5 000 dollars deposit. Meaning she will be receiving 2% every years. Now, in 4 years. How much will she receive? Solutions: 1st year = 5 000 *.02 = 100 = > 5000 + 100 = 5100 2nd year = 5100 *.02 = 102 = > 5100 + 102 = 5202 3rd year = 5202 * 0.02 = 104.04 = > 5202 + 104.04 = 5306.04 4th year = 5306.04 *.02 = 106.1208 = > 5306.04 + 106.1208 = 5412.1608 or approximately 5412.16
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Amy earns 2 percent annual interest on her $5,000 deposit. How much will she earn after 4 years? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A=FV/OT solve for FV
Answers (1)
You roll a number cube. You roll a number that is greater than 2 but less than 5.
Answers (1)
Justin, cam and Ben are playing a board game where exactly one player will win. Ben estimates that Justin has a 20% chance of winning each game and that cam has a 50% chance of winning each game?
Answers (1)
On Monday's, Jayda runs between 2 and 5 miles. On Tuesdays, she runs 3 times as far as she runs on the previous Monday. Which inequality can be used to find X, the distance Jayda could run on Tuesday? A. 2< 3x < 5 B. 2 5 C. 2 < x/3 < 5 D. 2 5
Answers (1)
If hema eats 3/8 of a cake, gives 1/5 of the remaining cake to her friend Andrea, can she save 2/3 of the cake to put in her freezer?
Answers (1)
New Questions in Mathematics
X+cy=d; x-dy=c. solve for systems x and y
Answers (1)
5 in Wide 6 in wide 10 in tall 15 in long A. 48 in2 B. 84 in2 C. 90 in2 D. 157,500 in2
Answers (1)
A piece of wood is 3/4 meter long is being cut into smaller pieces that are each 1/10 meter long. Which expression is one of the steps in determining how many pieces can be cut? A. 3/4 • 1/10 B. 3/4 • 10/1 C. 10/1 • 4/3 D. 1/10 • 3/4
Answers (2)
Which of the following is an irrational number a. 17.25 b. 24 3/13 c. 38/5 d. 13.627497 ...
Answers (2)
You earn $17.50/hr and work 40 hr/wk. Your deductions are FICA (7.65%), federal tax withholding (12.3%), and state tax withholding (6.2%). Your housing and fixed expenses are 30% of your realized income per month.
Answers (1)
Home » Mathematics » Amy earns 2 percent annual interest on her $5,000 deposit. How much will she earn after 4 years?
Sign Up Forgot Password?