Question

Help me solve this thanks

Answer 1

The amount after 6 years is $25,533.34.

Explanation:

Use the formula f(t)=P(1+b)^t.

Plug in the information.

f(6)=18000(1+0.06)^6

Plug in 18000(1.06)^6 into calculator.

25,533.344020608.

Round to 2 decimal places.

25,533.34

The amount after 6 years is $25,533.34.

Hope this helps!

If not, I am sorry.