3 years ago

For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t

Mathematics

1 answer:

Alinara [238K]3 years ago

5 0

B.
$5852.86

Working;
A = P(1 + r)^t
A=5000(1+ $\frac{3.2}{100}$ )^5
A=5852.86

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