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expeople1 [14]
1 year ago
7

Suppose Mai places $3500 in an account that pays 19% interest compounded each year.

Mathematics
1 answer:
rodikova [14]1 year ago
4 0

Answer:

a.$4165

b.$4956.35

Step-by-step explanation:

a)19% × 3500 = 665.

3500+665 =4165

b)19% × 4165 =<u> </u><u>7</u><u>9</u><u>1</u><u>.</u><u>3</u><u>5</u>

<u>4</u><u>1</u><u>6</u><u>5</u><u>+</u><u>7</u><u>9</u><u>1</u><u>.</u><u>3</u><u>5</u><u>=</u><u> </u><u>4</u><u>9</u><u>5</u><u>6</u><u>.</u><u>3</u><u>5</u>

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