sierraleann sierraleann

23-04-2020
Mathematics

contestada

1. You deposit $1500 in an account that pays 5% interest compounded veonly.
Find the balance after 6 years.

Respuesta :

was1234 was1234

23-04-2020

Answer:

$2010.14

Step-by-step explanation:

A = Accumulated or final amount

P = Principal ($1500)

r = interest rate as a decimal (0.05)

t = time (6 years)

A = 1500*(1 + 0.05)6 = 1500*(1.05)6 = $2010.14

Answer Link

23hlivsey 23hlivsey

23-04-2020

Answer:

2010.1434

Step-by-step explanation:

ax(1+%)^n

1500x(1.05)^6

2010.14

Answer Link

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