transfergiecek6942 transfergiecek6942

04-05-2021
Mathematics

contestada

Jen owes $75,000 to a lending agency. The debt grows with simple interest at a rate of 6% per year. How much will Jen owe in 5 years

Respuesta :

samuelonum1 samuelonum1

06-05-2021

Answer:

$100350

Step-by-step explanation:

Given data

Principal= $75,000

Rate= 6%

Time= 5 years

The expression for the amount is

A=P(1+r)^t

Substitute

A=75000(1+0.06)^5

A=75000(1.06)^5

A=75000*1.338

A=$100350

Hence the amount is $100350

Answer Link

Otras preguntas

He "Statute of Workers" was a measure to _____. grant rights to workers fix wages and prices create unions create welfare

In nearly all criminal cases, this must be unanimous. a. sentencing c. punishment b. verdict d. plea bargaining

What is the most important step during pre-writing for an analytical essay? A. finding information B. drafting a position C. deciding on a topic D. crafting a s

Where are people's lives more likely to be affected by earthquakes? Iraq Israel Lebanon Turkey

Please answer the question from the attachment.

Why do deciduous trees lose their leaves? a. Deciduous trees lose their leaves to prevent oxygen loss. b. Deciduous trees lose their leaves to defend from preda

Which hemisphere is Georgia in?

The physical features of Eastern Europe were shaped by a time of lower temperatures when much of the land was covered in snow and ice known as a(n) A. stone age

what an equivalent expression for 9(3 + 8x)

The ___ is the first beat of a measure. a. Tonic b. Upbeat c. Fermata d. Downbeat