Register
Please help! I’m having a hard time! 3- Find the balance. $4000 deposited earning 6% compounded annually for 5 years. A)$852.75 B)$6872.32 C)$5352.90 D)$99.83
67.7k views
2 votes
Please help! I’m having a hard time!

3- Find the balance. $4000 deposited earning 6% compounded annually
for 5 years.
A)$852.75
B)$6872.32
C)$5352.90
D)$99.83

User Dhir Pratap
by
4.5k points

1 Answer

3 votes

Answer:

A=p(1+r)^t

A=4,000×(1+0.06)^(5)

A=5,352.90

Explanation:

User Roman Dolgiy
by
5.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.4m answers

Other Questions

Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Can someone help me with 5??? ASAP?
Solve for h 3h=7(2/7-3/7h)-10
1/7 + 3/14 equivalent fractions
Link Copied!