burkahailemichael6 burkahailemichael6

07-12-2019
Mathematics

contestada

A principal of $3800 is invested at 6.75% interest, compound annually. How much will the investment worth after 9 years?

Respuesta :

akiran007 akiran007

07-12-2019

Answer:

$6840.60

Step-by-step explanation:

formula od compound interest A= P (1 =r/n)ⁿ⁹

where n=1 when it is compunded annually and t= 9 years

A= 3800(1+6.75/100)⁹

A= 3800 ( 1+0.0675)⁹

A= 3800(1.0675)⁹

A=3800(1.800)

A= 6,840.60 $

Answer Link

Otras preguntas

A dress manufacturer closes a factory in south carolina and moves the factory to malaysia, where labor costs are lower. this is an example of

List three ways to prevent body odor. (Site 1)

Approximately how many wildlife management areas (wma's) are found in florida?

If AB = DE CA = FD angle B is congruent to angle E angle A is congruent to angle D , then ∆ABC and ∆DEF are congruent by the ASA criterion.

suppose P = {0, 1, 2, 3, 4, 5, 6, 7, 8, 9} and V = {2, 4, 6, 8, 10, 12, 14, 16, 18, 20}. what is P ∩ V a. {0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12, 14, 16, 18, 20}

Charlemagne’s laws regulated the church as well as secular matters True False

Ramses the ii was apart of old kingdom, new kingdom, or middle kingdom eygypt?

80 X 5,000 ( blank tens) X (blank thousands) = 40 thousands, thousanths, tens, tenths, hundreds, hundrenths, or ones? Also 80 x 5,000

How do you find the height of a triangle given all three sides?

Why was the United Nations (UN) established? A. to encourage cooperation between the Great Powers B. to preserve the absolute equality of all nations C. to puni