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-BARSIC- [3]
3 years ago
15

CLICK HERE ANDANSWER THIS PLEASEASAP

Mathematics
1 answer:
RUDIKE [14]3 years ago
3 0

Answer:

perimeter : 46

area : 79.75

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Calculate the future value (in dollars) of $1,550 deposited into an account earning an annual simple interest rate of 4% compoun
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Answer: the future value is $1748.4

Step-by-step explanation:

We would apply the formula for determining compound interest which is expressed as

A = P(1+r/n)^nt

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P represents the principal or initial amount deposited

From the information given,

P = 1550

r = 4% = 4/100 = 0.04

n = 365 because it was compounded 365 times in a year.

t = 3 years

Therefore,.

A = 1550(1 + 0.04/365)^365 × 3

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