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motikmotik
3 years ago
5

Bill invested $4000 at 6%

Mathematics
2 answers:
stiks02 [169]3 years ago
8 0

We have to find the,

Accumulated amount at end of 12 years.

The formula we use,

→ A = P(1+r)^t

It is given that,

→ P = $4000

→ t = 12 years

Then r will be,

→ 6%

→ 6/100

→ 0.06

Then the total amount is,

→ P(1+r)^t

→ 4000 × (1 + 0.06)^12

→ 8048.79

Thus, $ 8048.79 is the amount.

Irina18 [472]3 years ago
4 0

Answer:

  • $ 8048.79

Step-by-step explanation:

  • P = $4000
  • t = 12 years
  • r = 6% = 0.06

<u>Formula:</u>

  • A = P(1 + r)^t

<u>The total amount:</u>

  • A = 4000*(1 + 0.06)^12 = 8048.79
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