Leinirosas
Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

help me with this please ​

Help Me With This Please class=

Sagot :

sqdancefan

Answer:

  A) $14,025.52

  B) $4,025.52

Step-by-step explanation:

A.

The compound interest formula we like is ...

  A = P(1 +r)^t

gives the amount in the account when principal P is compounded annually at rate r for t years.

  A = $10,000(1 +0.07)^5 ≈ $14,025.52 . . . . balance after 5 years

__

B.

The interest is the difference between the amount deposited and the balance:

  $14,025.52 -10,000 = $4,025.52 . . . . interest earned

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.