Step-by-step explanation:
step 1. let's call the amount of money A, the initial amount P, the yearly rate r, the number of compounds per year n.
step 2. A = P(1 + r/n)^(nt)
step 3. A = 1600(1 + .03/12)^((12)(5)
step 4. A = 1600(1.0025)^(60)
step 5. A = $1858.59
So basically u wanna multiply 5x3 so u count but ur fives in till u get to 3 so let's do it...5,10,15 so the answer is 15
Answer:
c
Step-by-step explanation:
Answer:
$52,178.64
Step-by-step explanation:
2,174.11X2 then you get 4,348.22X12= $52,178.64
Answer:
your answer will be 11 for that question
