The value after 20 years is $ 723.514
<em><u>Solution:</u></em>
<em><u>Formula for Amount compounded annually is as follows: </u></em>
Where,
"A" is the total amount
"p" is the principal sum
"r" is the rate of interest
"n" is the number of years
From given question,
p = $ 300
r = 4.5 %
n = 20 years
Substituting the values we get,
Thus value after 20 years is $ 723.514
Answer:
160
Step-by-step explanation:
can you take a screen shot its hard to see
Answer: $324