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Firlakuza [10]
3 years ago
13

Samantha desposited $650 into a savings account that pays 3.5% interest compound annually. After 6 years what will be the value

of her investment in dollars?
Mathematics
1 answer:
erma4kov [3.2K]3 years ago
7 0
Hi there
The formula is
A=p (1+r)^t
A future value?
P present value 650
R interest rate 0.035
T time 6 years

A=650×(1+0.035)^(6)
A=799.02

Hope it helps
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