Question: James invests $5,000 at 10% simple interest for 6 year. How much is in the account at the end of the 6 years period?

James invests $5,000 at 10% simple interest for 6 year. How much

James invests $5,000 at 10% simple interest for 6 year. How much is in the account at the end of the 6 years period? Answer: S

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Evaluate the definite integral. 9 Lo t In(2t) dt 3 1150

Q:

1. Margo borrows $300, agreeing to pay it back with 5% annual interest after 9 months. How much interest will she pay? Round your answer to the nearest cent, if necessary. $: 2. Margo borrows $500,...

Q:

I Simple Interest Applications I Solve the following simple interest problems. Round your results to the nearest cent as needed. Dana invests $12, 000 at a simple interest rate of 12% for 9 years....

Q:

Maria invests $3,000 at 12% simple interest for 1 year. How much is in the account at the end of the 1 year period? How much would Maria need to deposit in an account now in order to have $6000 in...

Q:

Fatuma invests 18 000 at 6 simple interest for 1 year How much is in the account at the end of the 1 year period Answer

Q:

1) Christy has taken a loan to buy baking equipment to start a small bussiness. They need to borrow $76,000.00 using a 7-year small bussiness loan. The loan has an interest rate of 5.8% compounded...

Q:

> Question 4 Samantha invests $13,000 at 6% simple interest for 1 year. How much is in the account at the end of the 1 year period Answer: Carrer de member me Question Help: Video Submit

Q:

Ngoc invests $16,000 at 12% simple interest for 1 year. How much is in the account at the end of the 1 year period? Answer: $1 I Enter an integer or decimal number (more.) Question Help: D Video...

Q:

Gen math Performance Task No.1: Solve Me Name: Strand: Activity 1: Fill Me! Complete the tables by solving for the unknown. A. Simple Interest Principal (P) Rate (r) Time (t) Interest (/,) P 10, 000...

Q:

answer the problem solving under investment management? Details of the assessment question: Please draw the time lines and solve the following problems: Problem 1 Find the future value of $100 in 5...

Q:

The beam ABCD has four equally spaced supports. Find all the support reactions.

Q:

Empire Investment Company engaged in several investments in 2019: Its financial year-end is December 31. On 1 January, it acquired 30% of the outstanding ordinary shares of Sweetie Limited for...

Q:

Tamar notes that her client s husband had $ 1 0 0 , 0 0 0 in capital losses at death and $ 2 5 , 0 0 0 in taxable capital gains. From his prior year s tax return, Tamar sees that the husband had $ 8...

Q:

Ramon wishes to replace payments of $900 due today and $500 due in 22 months by a single equivalent payment 18 months from now. If money is worth 5% compounded monthly, what should that payment be?

Q:

Consider the following convex programming problem: Maximize Z = 32x1 x41 + 4x2 x22, Subject to x21 + x22 9 and x1 0, x2 0. (a) Apply the separable programming technique discussed at the end of...

Q:

Use the BIP branch-and-bound algorithm presented in Sec. 12.6 to solve the following problem interactively: Minimize Z = 5x1 + 6x2 + 7x3 + 8x4 + 9x5, Subject to and xj is binary, for j = 1, 2, . . ....

Q:

What position is the opposite of a purchased call? The opposite of a purchased put?

Q:

What is the concept of equity? How does it relate to consumer judgments of the fairness of a price?

Q:

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

Q:

The Hansen Office Equipment, which uses a perpetual inventory system. experi- enced a normal inventory shrinkage of $12.860. What accounts would be debited and credited to record the adjustment for...

Q:

In what order are vouchers ordinarily filed (a) in the unpaid voucher file and (b) in the paid voucher file? Give reasons for the answers. LO2

Q:

The balance of Cash is likely to differ from the bank statement balance. What two factors are likely to be responsible for the difference? LO2