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Maria invested $2,000 in an account that earns 4.5% interest compounded annually the formula for compounded interest isA(t)=P(1+i)/\t. How much did Maria have in the account aft…
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Maria invested $2,000 in an account that earns 4.5% interest compounded annually the formula for compounded interest isA(t)=P(1+i)/\t. How much did Maria have in the account aft…
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Jan 21, 2019
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Maria invested $2,000 in an account that earns 4.5% interest compounded annually the formula for compounded interest isA(t)=P(1+i)/\t. How much did Maria have in the account after 5 years. A.12,816.47 B.10,450.00 C.2,450.00 D.2,492.36
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Dtward
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In the formula, P is the initial amount, i is the rate, and t is the time that has passed. Simply plug in the values you know:
Rounded to the nearest cent, Maria had $2492.36 in her account after 5 years (D).
Piyush Soni
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Jan 27, 2019
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