Answer:
C. 5.0*10 superscript 6
Step-by-step explanation:
i just took the test and i got it right.
Answer: $5,678.85
Step-by-step explanation:
First find out how much the fund was worth after 5 years.
Compound interest formula:
= Investment * (1 + rate) ^ years
= 4,000 * ( 1 + 11%)⁵
= £6,740.23
Half was removed:
= 6,740.23/2
= £3,370.12
Then compound this for the remaining 5 years:
= 3,370.12 * (1 + 11%)⁵
= $5,678.85
Answer:
I cant see the picture. could you put it in the comments
Step-by-step explanation:
