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Help me please.................

Help me please.................-example-1
User Iamafish
by
5.2k points

1 Answer

5 votes

Answer:

$4140

Explanation:

For each of the amounts, the final balance is ...

A = P(1 +rt)

Filling in the given numbers, we can add the final balances:

900(1 + 0.06·4) + 900(1 + 0.06·3) + 900(1 + 0.06·2) + 900(1 + 0.06·1)

= 900(4 + 0.06(4 +3 +2 +1)) = 900·4.60

= 4140

The amount withdrawn is $4140.

User Lewis McGeary
by
5.6k points