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suppose that $ 8500 is places in an account that pays 9% interest compounded each year. Assume that no withdrawals are made from the account. find the amount in the account at end of 1 year?
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suppose that $ 8500 is places in an account that pays 9% interest compounded each year. Assume that no withdrawals are made from the account. find the amount in the account at end of 1 year?

User DBUK
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2 Answers

1 vote
A=p(1+r)^t
A=8,500×(1+0.09)
A=9,265
User Mzzl
by
8.1k points
1 vote
The Answer is $9265

8500 x 0.09= 765
765+8500=9265
User Paul Godard
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8.6k points
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