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Irina-Kira [14]
4 years ago
11

7100 dollars is placed in an account with an annual interest rate of 7.75%. how much will be in the account after 30 years, to t

he nearest cent
Mathematics
1 answer:
amm18124 years ago
7 0
Total = Principal * (1 + rate)^years
Total = 7,100 * (1 + .0775)^30
Total = 7,100 * <span> <span> <span> 9.3868172981 </span> </span> </span>
Total = <span> <span> <span> 66,646.40
Source:
http://www.1728.org/compint.htm

</span></span></span>
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