catelynferguson095 catelynferguson095

15-03-2022
Mathematics

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

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fable009 fable009

15-03-2022

The answer would be $5,250

You would do 5,000 x 0.05 = x

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zombob84 zombob84

15-03-2022

In one year $5000 at an interest rate of 5% would earn $250 and the new balance would $5250

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