27.7k views
2 votes
How much would $200 invested at 6% interest compounded annually be

worth after 6 years? Round your answer to the nearest cent. A(t) = P(1+r/n) ^nt

How much would $200 invested at 6% interest compounded annually be worth after 6 years-example-1
User RPinel
by
4.7k points

1 Answer

13 votes
After six years, there would be $283.70 in the account.
User Trustin
by
4.7k points