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How much would $200 invested at 6% i street compounded annually be worth after 5 years? Round your answer to the nearest cent. Do not include units in your answer.

How much would $200 invested at 6% i street compounded annually be worth after 5 years? Round your answer to the nearest cent. Do not include units in your answer.
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5 votes
How much would $200 invested at 6% i street compounded annually be worth after 5 years? Round your answer to the nearest cent. Do not include units in your answer.

User Andrei R
by
7.6k points

1 Answer

2 votes
A=p (1+r)^t
A=200×(1+0.06)^(5)
A=267.65
User Rocstar
by
7.7k points
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