SOLUTION: Compound interest where P= $5000, R=4%, and T=2years.

SOLUTION: Compound interest where P= $5000, R=4%, and T=2years.

Algebra.Com

Question 604473: Compound interest where P= $5000, R=4%, and T=2years.
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
$5,408.00,are you trying to see what the interest is after 2yrs.
RELATED QUESTIONS
How do I solve for t? If A=$5000, P=$1000, r=2.5%, n=2, where A=P(1+r%/n)^(nt)? This is a (answered by josgarithmetic)

Recall that a formula bank account earning compound interest is A=P(1+r/m)^mt - given (answered by solver91311)

compute the amount and the compound interest: A) P=$6000 T=4yrs. R= 8.5% figure... (answered by stanbon)

p is 900 r is 5% and t is 3 years. what is the compound interest? (answered by checkley71,aseem)

Can you help me with this question please? How many years will it take $5000 to grow... (answered by jim_thompson5910)

Use the compound interest models A=P(1+r/n)^nt and A=Pe^rt to answer this question.... (answered by jim_thompson5910)

The formula A=P(1+r)^2 gives the amount A in dollars that P dollars will grow to in 2... (answered by josgarithmetic,ikleyn)

Please help. Use the formula for compound interest. Solve for t when A=$10,800,... (answered by Nate)

Suppose that P dollars in principal is invested in an account that earns compound... (answered by Theo)