9514 1404 393
Answer:
$12,720
Step-by-step explanation:
The amount is given by the formula ...
A = P(1 +rt)
where P is the principal, invested at rate r for t years.
A = $12,000(1 +0.06·1) = $12,720
The total amount after 1 year is $12,720.
I believe the answer is 20212.5 if you meant how much will it be worth in 5 years.
I got this answer by multiplying 15% by 5 since annually means yearly.
15%(5)=75%
then turn 75% into a decimal by dividing 75 by 100
75/100=.75
Finally multiply 26950 by .75
26950 (.75)=20212.5
Hope this helps you.
Answer:
I65.18
Step-by-step explanation:
I found this online I hope this helps
