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4400 dollars is place in an account with annual interest rate of 8.25% How much will be in the account after 22years to the nearest cent
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40 votes
40 votes
4400 dollars is place in an account with annual interest rate of 8.25% How much will be in the account after 22years to the nearest cent

User RafazZ
by
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2 Answers

9 votes
9 votes

Answer: A = 4400(1 + 0.0825 x 22)

Explanation:

A = accumulated amount

P = original amount unloaded- $4400

r = rate - 8.25% = 0.0825

t = years = 22

= 4400(1 + 0.0825 x 22)

User MHop
by
2.3k points
20 votes
20 votes

Answer:

y = 25169.04

Explanation:

4400 dollars is place in an account with annual interest rate of 8.25% How much will-example-1
User Adam Crossland
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