Answer:
911
Step-by-step explanation:
What do you mean ? I’m not understanding
I think it is B. Im not so sure.
Hoped I could help
<h3>
Answer: 12,201.90 dollars</h3>
You may need to delete the comma if you are entering this result into a computer system.
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Work Shown:
P = 10,000 = deposit
r = 0.04 = decimal form of 4% interest rate
n = 4 = we're compounding 4 times a year
t = 5 years
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A = P*(1+r/n)^(n*t) .... compound interest formula
A = 10,000*(1+0.04/4)^(4*5)
A = 12,201.9003994797
A = 12,201.90
After 5 years, there is $12,201.90 in the account.
This is assuming you do not deposit any more money, and it also assumes that you don't take any money out during the 5 year timespan either.
Answer:
Answer B)
Step-by-step explanation:
From the given formula, we solve for the unknown by first keeping on one side of the equation the term that contains the unknown and then by dividing both sides by the variables and constants that accompany the unknown "I" in order to isolate it:
Which coincides with answer B)