The anser is 6.25. Can you help me on mines?
To help Carmen find the total after 3 years
We'll have to use the annual compound interest formula: A = P(1 + r)ⁿ
A = Final balance (?)
P = Principal balance (6000)
r = Rate (0.028)
n = years (3)
A = 6000(1 + 0.028)³
A = 6000(1.028)³
A = 6000(1.086373952)
A = 6518.243712
Round that to the nearest cent, and we get $<u>6,518.24 </u>as the answer.
Answer:
7) D
8) A
9) A
10) D
11) C
12) B
Step-by-step explanation:
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