Register
Plz help me with this
219k views
2 votes
Plz help me with this

Plz help me with this-example-1
User Shaw
by
8.2k points

1 Answer

3 votes

Answer: B) A = 750(1.04)ⁿ

Explanation:

The formula for compounded annually is: A = P(1 + r)ⁿ where

  • A (amount accrued) = unknown
  • P (amount invested) = $750
  • r (interest rate) = 4% -->(0.04)
  • t (time in years) = unknown

A = 750(1 + 0.04)ⁿ

= 750(1.04)ⁿ

User Jan Wilamowski
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!