ivyheathers
ivyheathers ivyheathers
  • 01-08-2021
  • Mathematics
contestada

carol invests $6250 at a rate of 2% per year compound interest.
calculate the total amount Carol has after 3 Years

Respuesta :

Аноним Аноним
  • 01-08-2021

Answer:

6632.55

Step-by-step explanation:

P=A*(1+r/100)^x

P=6250*(1+2/100)^3

P=6632.55

Answer Link
S1NGH
S1NGH S1NGH
  • 02-08-2021

Answer:

$6632.55

Step-by-step explanation:

→ Find the multiplier

( 100 + 2 ) ÷ 100 = 1.02

→ Multiply the investment by the multiplier to the power of years

6250 × ( 1.02 )³ = 6632.55

Answer Link

Otras preguntas

Abolished indentured servitude and slavery in the United States
what solid would a pyramid resemble if the polygonal bases had a million sides?
Express the statement below as a fraction in lowest term 80% of American are home owners.
One number is 1 more than 2 times another. Their product is 36. Find the numbers.
What are the basic units that all matter is made of?
how to write 16 as a fraction
Major achievements in mathematics and science were made during the gupta dynasty among them was the ?
Which statement correctly describes the process that occurs in the thylakoid? A. ATP is produced in the thylakoid during light-independent reactions. B. ATP is
How does the drug kayexalate work?
Help? Which of the following best describes clear-cut logging? A. It is the method by which logging mills process raw timber. B. It is the process of completely