contestada

Exponential Functions
II
SHOW ALL YOUR WORK ON THE SCRATCH PAPER: If $75 is invested at an interest rate of 5% per year,
compounded monthly, how much will the investment be worth at the end of eleven years? Round your final answer
to the nearest hundredths place. (NOTE: Don't add any words or symbols to your answers like a % or $, only use
numbers)
Formula: A = P(1 + ..mt
n
W

Respuesta :

AlgebraIsMyThing

Answer:

I'll tell u the steps but not the answer. 75*1.05^11

work it out m8. the reason I used 1.05 is because we are increasing by 5 percent so therefore we would create a multiplier by doing (100+5)/100

Otras preguntas