A principal of $3800 is invested at 6.75% interest, compound annually. How much will the investment worth after 9 years?
1 answer:
Answer:
$6840.60
Step-by-step explanation:
formula od compound interest A= P (1 =r/n)ⁿ⁹
where n=1 when it is compunded annually and t= 9 years
A= 3800(1+6.75/100)⁹
A= 3800 ( 1+0.0675)⁹
A= 3800(1.0675)⁹
A=3800(1.800)
A= 6,840.60 $
You might be interested in
3 6/10 goes to 3 3/5 after being simplified
Answer:
Where are the equations?
Step-by-step explanation:
It's A or B most likely B tho
3x+15 <answer budy
3*x then you 3*5
Answer: B
Step-by-step explanation:
