Answer:
equation; P=A(1+r/n)^nt
P=principal amount
A=value of investment
r= interest rate in decimals
n=number of times compounded
t=time in years
P=1000(1+0.16/12)^12(5)= $2213.8 rounded
Step-by-step explanation:
Answer: yes
Step-by-step explanation:
The common ratio is 1.5 50 * 1.5 = 75, 75 * 1.5 = 112.5 etc.
