$15,000 at 15% compounded annually for 5 years
A. $28,500.00
0
B. $30,170.36
C. $17.250.00
ОО
D. $26,250.45

Answers

Answer 1

Answer:

p=$15000

R=15%

t=5years

compound amount CI=?

Step-by-step explanation:

we have

CI=p(1+R/100)^t=$15000(1+15/100)^5=$15000×1/15^5=$30170.35
Answer 2

The total amount of $15,000 at 15% compounded annually for 5 years will be $30,170.36 so option (B) is correct.

What is compound interest?

Compound interest is applicable when there will be a change in principle amount after the given time period.

The rate at which compound interest accrues depends on the frequency of compounding.

For instance, if you offer someone $500 at a rate of 10% annually, $500 will be considered your principal sum. After a year, the interest will be $50, making the principle amount $550. Moving forward, the interest will be $550 rather than $500.

Given

Principle amount = $15000

Rate of interest = 15%

The time period T = 5 years.

Compound interest formula

A = P  [tex][ 1 + R/100 ]^{T}[/tex]

A = 15000 [tex][ 1 + 15/100 ]^{5}[/tex]

A = $30,170.36 hence, the total amount after 5 year will be $30,170.36.

For more information about compound interest

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Related Questions

Find the GCF of 15 and 16

Answers

Answer:

The GCF of 15 and 16 is 1

Step-by-step explanation:

They don't have any other number they are divisible by other than 1

Answer:  GCF = 1

Step-by-step explanation:

15=

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Chris needs an extension cord to set up his new video game. How many 2-meter cords will he need to reach 7 meters?

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Answer:

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Step-by-step explanation:

Answer:

7/2=3.5

Step-by-step explanation:

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А
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B
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c
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Answers

Answer:

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Answers

Answer:

1. 26

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Simplify the expression:
(14 - 3a) + (5a+4)
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Answers

Answer:

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Step-by-step explanation:

Rearrange Terms

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Answer:

Your answer would be D!

Step-by-step explanation:

You have to work on Distributive property 14(5+4)

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126

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Answers

Answer:

175

Step-by-step explanation:

What is f /4 − 24 = −28

Answers

Answer: i assume you're looking for F, if so F = -16

Step-by-step explanation:

you would start by adding +24 to each side of the equation, giving you f/4 = -4

then, you would multiply each side of the equation by 4, giving you f = -16

***ANSWER PLS***
Chloe was given a box of assorted chocolates for her birthday. Each night, Chloe
treated herself to some chocolates. There were originally 30 chocolates in the box and
after 2 nights, there were 24 chocolates remaining in the box. Write an equation for
C, in terms of t, representing the number of chocolates remaining in the box t days
after Chloe's birthday.
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Answers

Answer:

C=-3t+30

Step-by-step explanation:

C=-3t+30

the answer is C=-3t+30

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Answers

(2,-7) is the point after the translation is made to find the original point just do the opposite of the equation so for x it would be
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Answers

Answer:

x = 3.1622776

Step-by-step explanation:

Move terms to the left side
5x^2 = -50
5x-(-50)=9
Use the quadratic formula
x= -0 ±√0^2-4*5*50/ 2*5
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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

kk

Answer:

A

Step-by-step explanation:

The figure shows five points. A point has been translated right and up.

On a coordinate plane, point A is (negative 2, 2), point C is (negative 2, negative 1), point B is (2, negative 3), point D is (3, negative 1) and point E is (3, 2).

Based on the graph, which statements about the points could be true? Check all that apply.
Point D could be the image of B.
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Point E could be the image of C.
Point D could be the image of A.
Point E could be the image of B.
Point C could be the image of E.

Answers

Answer:

The answer is Point D could be the image of B, Point E could be the image of C, and Point E could be the image of B.

Step-by-step explanation: The clue is going right and up. We could use this clue and know that the answer is correct. For example, if you start with the point B and move right, and go up we can find that both point E and D can all be the image of B.

The true statements are  Point D could be the image of B, Point E could be the image of C, and Point E could be the image of B.

Information regarding the graph:The clue should be going right and up. Here we can use this clue and know that the answer is correct. Like if you start with the point B and move right, and go up we can find that both point E and D.

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Answers

Answer:

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Step-by-step explanation:

Answer:

A.)  D.)

Step-by-step explanation:

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Answers

Answer:

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Answers

Option 3

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Answer:

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Answers

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Answers

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