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klasskru [66]
3 years ago
6

The expression 1500(1.14)t represents the value of a $1500 investment that earns 14% interest per year, compounded annually for

T years. what is the value of a $1500 investment at the end of five years?
Mathematics
1 answer:
Ipatiy [6.2K]3 years ago
8 0
I need a bad bleep uh Addison Rae
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Answer:

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You first have to determine the interest for one year. We know that a percentage means a 100 so we are going to use 6/100. You then have to multiple that by the original amount, you will then get your answer. After obtaining your answer your will multiple it by the number of years which is 5, once you get your answer add it to the original amount. Then you are all set.

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Here, it is given:

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