8 months ago

Arithmetic and Geometric Sequences (Context)

Mathematics

1 answer:

V125BC [204]8 months ago

7 0

The formula for compound interest

A = P( 1 + r/n) ^ (nt)

A is the amount in the account at the end

P is the principal balance or the amount initially invested

r is the annual interest rate in decimal form

n is the number of times it is coupounded per year

t is the number of years

A = 1800 ( 1+ .0375/1) ^ (1*6)

A = 1800 ( 1.0375)^6

A = 2244.92138

Rounding to the nearest cent

A = 2244.92

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Step-by-step explanation:

You didn't state the sentences but let me help out based on the information given.

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