Find the missing value. If not whole number, leave in simplest radical form. PLEASE HELP!!
1 answer:
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Future amount after 6 years will be: $10720.76
Step-by-step explanation:
Principal = $8000
Interest= 5% compounded annually
Time = 6 years
We need to find A (future amount)
The formula used is:
A= Future amount
P= Principal amount
r= interest rate
n= no of times interest is applied
t= time
Putting values and finding A
P=8000. r=0.05, n=1, t=6
So, Future amount after 6 years will be: $10720.76
Keywords: Compound Interest
Learn more about Compound Interest at:
#learnwithBrainly
Solution:
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2. Apply radical rule : ,
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