Does anyone know the answer to this question

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asked Aug 17, 2022 74.4k views

1 Answer

Jevaughn · Answer 1 · 2022-08-22T20:55:16+0000

$265.32

r = R/100
r = 4/100
r = 0.04 rate per year,
A = P(1 + r/n)nt
A = 1,000.00(1 + 0.04/1)(1)(6)
A = 1,000.00(1 + 0.04)(6)
A = $1,265.32
1,265.32-1,000=265.32

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