Proofs with transformations
1 answer:
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Hi there! The answer is B. $ 11,323.38
To find our answer we need to fill in the formula with the given data:
t = 5
P (the initial value) = $9000
I = 4.7% / 100 = 0.047 (since we have to change the percentage into a multiplier).
Now just fill in:
Rounded, our answer is B. $11,323.38
To find our answer we need to fill in the formula with the given data:
t = 5
P (the initial value) = $9000
I = 4.7% / 100 = 0.047 (since we have to change the percentage into a multiplier).
Now just fill in:
Rounded, our answer is B. $11,323.38