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Sue now has $125. how much would she have after 7 years if she leaves it invested at 8.5% with annual compounding?
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Dec 3, 2018
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Sue now has $125. how much would she have after 7 years if she leaves it invested at 8.5% with annual compounding?
Mathematics
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Akshay Hiremath
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the formula would be
A=final amount
P=present amount
r=rate in decaimal
t=time in years
ok,
P=125
r=8.5%=0.085
t=7
use calculator
A=221.268
round to nearet cent
A=$221.27
Daniel Burkhart
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Dec 7, 2018
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Daniel Burkhart
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