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VARVARA [1.3K]
3 years ago
13

The balance of an account earning compound interest is found using the formula A=p(1+r)t , where p is the principal (the amount

invested), r is the interest rate, and t is the time in years. What is the account balance after 6 years, if $1,000 is invested at 8%? Round your answer to the nearest whole number.
Mathematics
1 answer:
Nataly [62]3 years ago
5 0
Hi there

A=1,000×(1+0.08)^(6)
A=1,586.87
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