Correct answers only please! I keep losing points...

Quincy has $6,000 in a savings account that earns 4% interest, compounded annually.

To the nearest cent, how much interest will he earn in 5 years?

Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

A = $ 7,299.92

A = P + I where

P (principal) = $ 6,000.00

I (interest) = $ 1,299.92

Step-by-step explanation:

A = P(1 + r/n)nt

Where:

A = Accrued Amount (principal + interest)

P = Principal Amount

I = Interest Amount

R = Annual Nominal Interest Rate in percent

r = Annual Nominal Interest Rate as a decimal

r = R/100

t = Time Involved in years, 0.5 years is calculated as 6 months, etc.

n = number of compounding periods per unit t; at the END of each period

(2,20) means that the 2 is 2 hours and 20 is 20$. so there both 20$ for 2 hours only the same price. like it says. so, the dunk tank and the bounce house are the same price (20$) for the same amount of time (2 hours).

hope i

a c

step-by-step explanation: