Leinirosas
Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

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 your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.