Answer:
27964.286
Step-by-step explanation:
i just used calculator soup
This is the formula for compounded interest.
P is the principal investment,
r is the rate (6%=0.06)
n is the number of times compounded per year (n=12 is monthly, n=2 is twice per year)
T is the number of years past
And A is the amount of money after t years with a rate r compounded n times per year staring at P amount
Final answer:
n is the number of times per year the interest is compounded.
Hope I helped, and sorry it took this long for you to get an answer.
Answer:
10.8; 10.8; 33.912
Step-by-step explanation:
Diameter = 2 × 5.4
10.8 cm
Circumference = pi × d
10.8pi cm
10.8 × 3.14
33.912
The total amount after 5 years would be $2,650
