The equation for annual interest is A = P(1 + r)^t. We can plug in the known information and get A = 16,000(1 + (0.06))^3.5. Next, we can simplify this equation to A = 16,000(1.06)^3.5. Finally, we raise 1.06 to the power of 3.5 and multiply that by 16,000 and get an answer of $19,619.62.

Hope this helps!

7 0

3 years ago

Read 2 more answers

Pleassssssssssssssssssssse HELP QUICKLY PLEASSSSSSE

Ierofanga [76]

Answer:

7/6 or A

Step-by-step explanation:

2/3(9-6)-5/6= 7/6

6 0

2 years ago

Plz help will mark brainliest

Kryger [21]

∆ABC=∆DEF

AB=DE –>String

BC=EF–> Rib

m<C=m<F=90° –>List

AC=DF

So m<A=m<D=35 (It is not clear whether the number is 35 or 36, but the same number)

8 0

2 years ago

What is the balance on a deposit of $1,150 that earns 9% interest compounded annually for 2 years

igor_vitrenko [27]

Step One: Calculate interest.

$1150*0.09=103.5$

Step Two: Calculate the amount at the end of the first year.

$1150+103.5=1253.5$

Step Three: Calculate the amount at the end of the second year. This will be your final answer.

$1253.5+103.5=1357$

$1357 balance

3 0

3 years ago