What is the simple interest earned on an $4,350 investment for 5 years at a rate of 2%?

Answers

Answer 1

Hey!

A = $4,785.00

I = A - P = $435.00

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year.

Solving our equation:

A = 4350(1 + (0.02 × 5)) = 4785

A = $4,785.00

The total amount accrued, principal plus interest, from simple interest on a principal of $4,350.00 at a rate of 2% per year for 5 years is $4,785.00.

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Hope you have a great day and this helped in some way <33


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Answers

Answer:

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Step-by-step explanation:

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The volume of a hemisphere with a radius of 6.5 ft, rounded to the

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What is the volume of a hemisphere?

The volume of a hemisphere that has radius r can be calculated as

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The volume of a hemisphere

=[tex]= 2/3\times \pi \times r^3\\\\= 2/3 \times3.14\times (6.5) ^3\\\\2/3 \times3.14 \times6.5 \times6.5 \times6.5\\\\1724.645 /3\\574.9ft^3[/tex]

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For the first 3% of Pam's salary, her employer matches 100% of her 401(k) contributions, and from 3% to 12%, Pam's employer matches 50% of her 401(k) contributions. Pam's salary is $30,000, and last year, she contributed $4000 to her 401(k) plan. What was her employer's contribution to the 401(k)?  A. $4000  B. $3600  C. $2250  D. $1800

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Her employer's contribution to the 401(k) was $2,500.

Calculus

Given that for the first 3% of Pam's salary, her employer matches 100% of her 401(k) contributions, and from 3% to 12%, Pam's employer matches 50% of her 401(k) contributions, and Pam's salary is $30,000 , and last year, she contributed $4000 to her 401(k) plan, to determine what was her employer's contribution to the 401(k) the following calculation must be made:

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Answers

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Step-by-step explanation:

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