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

Which is a symptom of the common cold? mild fever itchy feet liver failure shaky hands

Latoya created a factor tree and wrote the prime factorization of 90 shown below. A factor tree of 90. 90 branches to 9 and 10. 9 branches to 3 and 3. 10 branch

Write a Python program that gets a number using keyboard input. (Remember to use input for Python 3 but raw_input for Python 2.) If the number is positive, the

Which is an effect of positive parenting on a child? more risk taking increased athletic ability decreased impulse control less depression and anxiety

Clara Schumann was a Group of answer choices composer. virtuoso pianist. All of the answers are correct. touring performer.

2 Points Plants make their own food. The chemical reaction for this process is shown in the equation below. CO2 + H20 + energy → C6H1206 + O2 What are the produ

I need the answer as quick as possible, please!Roland, the artist, brilliantly captured the fading pastel light on his canvas, and he preserved the sunset for f

Sylvite finds the solution to the system of equations by graphing y=2/3x+1 and y=-2/3x-1

Suppose you work for a bank and are responsible for determining whether you should give someone credit. Create a list of the top three questions you would ask p

How might it improve engagement while outdoors for the children in your early childhood program?