Taiya invests $4,848 in a savings account with an interest rate of 5% compounded annually. What will Taiya's account balance be after 6 years?

asked Dec 13, 2023 181k views

7 votes

by Pocoa

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9 votes

Answer:

$6496.78

Explanation:

$A=P(1+r)^(t) \\A=4848(1+0.05)^(6)\\ A= $6496.78$

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