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1 vote
Helpppppppp againnnnn

Helpppppppp againnnnn-example-1
User Steaphann
by
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1 Answer

5 votes
We have compound interests, so:


a_1=600\\\\r=4\%=0.04

and:


A(n)=a_1(1+r)^((n-1))\\\\\boxed{A(n)=600(1+0.04)^((n-1))}\\\\\\A(5)=600(1+0.04)^((5-1))=600(1.04)^(4)=600\cdot1.17\approx\boxed{701.92}

Answer B.
User Bgolson
by
7.9k points

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