3 years ago

Principal: $5000

Mathematics

2 answers:

Eva8 [605]3 years ago

6 0

Answer:I believe I did this wrong but I got 126,343.75

Step-by-step explanation:

I divided 5000 by 100 to get the percentage then I multiplied the answer by 3.75 for the interest rate then I multiplied that answer by 25 then I multiplied 5000 by 25 and added them together

almond37 [142]3 years ago

6 0

Answer:

312897158.8

or to 3 significant figures, 313000000

Step-by-step explanation:

5000(1 + (3.75/100) )^25*12

x12 as it says compounded monthly

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