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USPshnik [31]
3 years ago
13

$800 at 4.25% intrest for 6 years

Mathematics
2 answers:
Ilia_Sergeevich [38]3 years ago
7 0
To solve this (assuming that you mean simple interest) you need to first know the formula for exponential growth witch is S(1+(-)I)^{T} so with all of are numbers inputed it looks something like this 800(1+.0425)^{6} because,
S=starting amount, I=interest rate, and T=Time (amount of time that goes by) 
back to the equation it would equal 1027 (rounded to the nearest dollar)

Enjoy!=)
valina [46]3 years ago
3 0
Idk if you are doing compound interest but here is simple:$1,004
you have to do 800 times 0.0425 times 6 and then add 800 to that answer. 
I = Prt
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