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Lera25 [3.4K]
3 years ago
12

Three point zero one divided by seven

Mathematics
1 answer:
vivado [14]3 years ago
7 0
The answer is zero point four three

You could also write this answer as 0.43
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Problem Page A principal of $2100 is invested at 7.75% interest, compounded annually. How much will the investment be worth afte
just olya [345]

Answer:

After 12 years the investment will be worth $5145.

Step-by-step explanation:

The formula used for compounded interest is:

A = P(1+r/n)^nt

where,

A = future value

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r = interest rate

n = no of times interest is compounded

t = time

In the question given:

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n = 1

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A= 2100 *(1.0775)^12

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