Post a New Question

math

posted by .

sam invested $5000 in a GIC earning 8% compound interest per year, the interest gets added to the amount invested, so the next year sam gets the interest on the interest already earned , as well as on te original amoun, how much will sam's investment be worth at the end of 10 years

  • math -

    what is 5000(1.08)^10 ??

  • math -

    how did u get that formula?

  • math -

    Fftf

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    I hate word problems! Can anyone just change this Following word prob to equations pls. I can do the rest! Sam invested $4500, part at 7%, the rest at 8 1/2%. After one year, the interest earned on 7% investment was $150 less than …
  2. Math(word problems)

    4.Tracie invested $x at 7% and $y at 6%. Write algebraic expressions for: a.the total amount of money invested b.the interest earned at 7% in one year c.the interest earned at 6% in one year d.the total interest earned in one year
  3. math

    Sam invested $5000 in a GIC earning 8% compound interest per year. The interest gets added to the amount invested, so the next year Sam gets interest on the interest already earned as well as on the original amount. How much will Sam's …
  4. computer science

    When $1000 is deposit at 5% simple interest, the amount grows by $50 each year. When money is invested at 5% compound interest, then the amount at the end of each year is 1.05 times the amount at the beginning of the year. Write a …
  5. math

    you invested $4000 in two accounts paying 2% and 9% annual interest, respectively if the total interest earned for the year was $150, how much was invested at each rate. $_was invested at 2% and _$ was invested at 9%
  6. Last math problem help

    Mr. Jarvis invested a total of 10,437 in two savings accounts. One account earns 8% simple interest per year and the other earns 9% simple interest per year. Last year the two investments earned a total of $849.52 in interest. Write …
  7. Algebra( check my answers)

    1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years?
  8. College Algebra

    A total of $14,000 is invested in 3 accounts earning 3%, 4%, and 5% annual interest. The combined interest for one year is $539. If the amount invested at 5% is three times the amount at 4%, find the amount invested at 3%.
  9. BEHRIA

    A SUM OF $8000 IS INVESTED IN A SAVING ACCOUNT WHICH PAY THE INTEREST AT COMPOUNDED ANNUALLY .IF THE AMOUNT OF IN KEPT ON DEPOSIT FOR 6 YEAR WHAT WILL THE COMPOUND AMOUNT EQUAL?
  10. Algebra

    A $4,000 principal is invested in two accounts, one earning 3% interest and another earning 4% interest. If the total interest for the year is $126, then how much is invested in each account?

More Similar Questions

Post a New Question