Question

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Answer 1

The final amount of the compound interest after 6 years would be $ 294, 122, 500

How to determine the final amount

The formula for the final amount is given as;

$A = P( 1 + \frac{r}{n}) ^n^t$

Where

A = final amount

P = principal interest

r = interest rate

n = number of times

t = time of periods

We have,

A = $2500$ $( 1 + \frac{6}{1}) ^1^*^6$

A = $2500 ( 7)^6$

A = $2500$ × $117, 649$

A =$ $294, 122, 500$

Thus, the final amount of the compound interest after 6 years would be $ 294, 122, 500

Learn more about compound interest here:

brainly.com/question/24924853

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