After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
Learn more about Compound Interest formula at:
#learnwithBrainly
Answer:
<h2>Uh oh! It looks like your question is missing some crucial information.</h2><h2 />
Step-by-step explanation:
There is no " square shown below"
The best and most correct answer among the choices provided by your question is the the first choice. We can conclude from the figure you specified that the "<span>Points are graphed at negative 3 comma 2 and negative 1 comma negative 1". </span><span>I hope my answer has come to your help. God bless and have a nice day ahead.</span>
What is the slope? We need the slope to find y
The GCF of 40 16 and 24 is 8
<h3>How to determine the GCF of 40 16 and 24?</h3>
The numbers are given as:
40 16 and 24
Start by listing out the factors of the numbers:
This is done as follows:
- The factors of 40 are: 1, 2, 4, 5, 8, 10, 20, 40
- The factors of 16 are: 1, 2, 4, 8, 16
- The factors of 24 are: 1, 2, 3, 4, 6, 8, 12, 24
Then the greatest common factor in the above list is 8.
Hence, the GCF of 40 16 and 24 is 8
Read more about GCF at:
brainly.com/question/219464
#SPJ1
