mrcodester2005 mrcodester2005

11-12-2017
Mathematics

contestada

Use the simple interest formula to find the ending balance.
$4000 at 6.5% for 5 years.
Enter your answer in the box

Respuesta :

sqdancefan sqdancefan

09-01-2019

Answer:

[tex]\boxed{\$5300}[/tex]

Step-by-step explanation:

Put the numbers into the formula and do the arithmetic.

... A = P(1 +rt) = $4000(1 + 0.065·5) = $5300

Answer Link

emily704 emily704

03-12-2019

Answer:

Other people got 5300 but I got 4260

Step-by-step explanation:

(1.00+.065) x 4000

1.065 x 4000

4260

Answer Link

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