Graph the function on the coordinate plane.Type equation here.
1 answer:
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After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:
where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:
So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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Answer:
The missing number is 1000
Step-by-step explanation:
0.037 × ? = 37
Divide both sides by 0.037.
Expand by multiplying both the numerator and the denominator by 1000.
Divide 37000 by 37 to get 1000.
Hope it helps and have a great day! =D
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