An employee put $5,000.00 in a retirement account that offers 9% interest compounded annually. the employee makes no additional deposits or withdrawals. which amount is closest to the interest the employee will have earned at the end of 5 years? a) $229.09 b) $450.00 c) $2,250.00 d) $2,693.12

You can use the formula of calculating the amount resulted after interest compounded on principle amount.

The amount closest to the interest the employee will have earned at the end of 5 years is given by:

Thus, Option D: $2693.12 is correct.

where A = Amount after T years

P = initial amount

R = R% annual compound interest rate

T = T years of time for which amount was deposited.

Since employee puts $5,000 in retirement account, thus P = $5000

The time for which the amount was deposited is 5, thus T = 5

The rate of compound interest was 9% annually.

Thus,we have, by formula:

Now, we have:
A = P + CI

or

CI = A - P

or

CI = $7693.12 - $5000 = $2693.12

Thus, the amount $2693.12 is closest to the interest the employee will have earned at the end of 5 years.

Thus, Option D: $2693.12 is correct.

Learn more about compound interest here:

link

D) $2693.12

Step-by-step explanation:

The account balance is multiplied by 1.09 each year, so at the end of 5 years, it has been multiplied by 1.53862395

After subtracting the initial deposit amount, the remainder is the interest earned:

... $5000×(1.53862395 -1) = $5000×0.53862395 ≈ $2693.12

every 5 customers that walk in, only 2 buy popcorn.

step-by-step explanation:

basically 2/5.

brainliest would be appreciated.

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )