Corey invested $1500 when he was a freshman in order to save for college. If he chooses to invest it in an account that earns 3.
1 answer:
Answer: He will have $1721.28. after 4 years.
Step-by-step explanation:
The formula we use to find the compounded amount A is :
, where P= principal value, r = rate of interest , t= time.
As per given , we have
P=$1500 , r=3.5%=0.035 , t= 4 years
Money he will have after 4 years =
Hence, he will have $1721.28. after 4 years.
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Substitute t = 5 into the equation:
Thus, we get a remainder of 93 or (A)
Substitute t = 5 into the equation:
Thus, we get a remainder of 93 or (A)
Answer:
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Step-by-step explanation:
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