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

What is 1/3 of 18 Fraction problems
Which is part of the biosphere? A. humans B. stratosphere C. volcanoes D. oceans
What are the two chambers of the United Nations? (Points : 2) the Security Council and the Chamber of Delegates the Security Council and the General Assembly th
if you increase the force on a box, it will have...
what was the name of the sturdy vehicle used to transport westward-bound pioneers and theur possessions?
Why is anthracite a better fuel than lignite?
Which of the following individuals is a well-known Shaman or tribal elder?
Is rock solution because it is made up of minerals, water, stone, and dirt?
A student pushes a 40-N block across the floor for a distance of 10 m. How much work was applied to move the block? A. 4 J B. 40 J C. 400 J D. 4000 J
What is a analogy for ivy?