Commutative i believe <span />
A = P(1 + r)^n
where A is the amount after n years, P = principal( initial amount), r = annual rate as a decimal fraction and n = number of years
If interest is accumulated say monthly then it would be
A = P(1 + r/12)^12n
For quarterly replace the 12 by 4
Answer:
The answer is 53,333 rounded
Step-by-step explanation:
So you multiply 74,000 by 2/3 you get 49,333
Then you take that number and add 4,000 and you get 53,333 rounded.
Answer: I think the answer you need is g. tell me if its wrong though.
