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IceJOKER [234]
4 years ago
9

If $580 is invested in an account which earns 9% interest compounded annually, what will be the balance of the account at the en

d of 9 years?
Mathematics
1 answer:
joja [24]4 years ago
8 0
The formula for compounded interest is A = P (1+r/n)^nt.
P=580 
r = .09
n = 1
t = 9
<span>
To find how much the balance is at the end of nine years, plug in all of the knows into the formula.</span>
A = 1259.698 is how much the balance will be. (Rounded to 1259.70 if you round to the nearest cent).



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