Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. $5000 is invested in a savings account which pays

$5000 is invested in a savings account which pays 2% annually. How much interest is...

60.1K

Verified Solution

Question

Basic Math

image

$5000 is invested in a savings account which pays 2% annually. How much interest is earned by the account in 3 years? What is the value of the account after 3 years?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

14 Given the following b 80 and e 30 what does the value of a...

Medical Sciences
1.2K views

Trace the pathway of sperm from the seminiferous tubules until sperm leaves the body. Be sure...

Economics
1.2K views

In economics, how is \"economic profit\" defined?

Electrical Engineering
1.2K views

find rise time and fall time and logical effort for 5 input NAND gate sketch 5 input...

General Management
1.2K views

Discuss the implications of the following statement: “…We came to believe that quality of care in...

Basic Math
1.2K views

Solve the following equation x 6 3x 4 Undefined 2 5 O 1 Report an...

Basic Math
1.2K views

A group of friends will go on a weekend camping trip and split the cost...

Algebra
1.2K views

Click here to watch the video Find the conjugate of the complex number 2 5i...

Algebra
1.2K views

3 Solve the following polynomial equation given 1 is a root of f x x...

Accounting
1.2K views

Roberts Forest Corporation operates two divisions, the Timber Division and the Consumer Division. The Timber...

Accounting
1.2K views

Ayayai Company began operations on January 2, 2016. It employs 11 individuals who work 8-hour...

Finance
1.2K views

Are the following cash flows RELEVANT to a proposed project valuation? Expenditures made last month...