alyssa94 alyssa94
  • 03-11-2016
  • Mathematics
contestada

How much more money is earned on a $2,500 investment at 2% annual compound interest for 5 years than a $2,500 investment at 2% simple annual interest for 5 years?

Respuesta :

Asahi
Asahi Asahi
  • 04-11-2016

simple: 2500(1+0.02)^5
$2760.20
Answer Link

Otras preguntas

how do you name a vector?
A dramatic representation of Jesus's suffering is call a ______ play
how does a camera refract light
The human genome project identified the sequence of base pairs in human DNA and identified several genes. Which question would least likely lead to a scientific
According to the phylogenetic tree, from which domain did Eukarya evolve?
what are two decimals that are equivalent to 7.75
a window shaped like a parallelogram has a area of 18 and 1 3rd square feet.the height of the window is 3 and 1 3rd.how long is the base of the window
Suppose you have a 100-mL cup,a 300-mL cup, and a 500-mL cup. list two different ways you can measure exactly 1 L
If the outcome of the Civil War had been different, how would that most likely have affected China?
What is the average velocity of wind within a storm?