Labor, privacy, and health
I don't know what your interest rates are but 1.10(10% increasing) is more then 1.01(1% increasing). Does this help?
Answer:
C. y = 11000(1.086)^7
Explanation:
Given the following data;
Principal = $11,000
Interest rate = 8.6% = 8.6/100 = 0.086
Time = 7 years
To derive a mathematical expression, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
t is the number of years for the compound interest.
Substituting into the formula, we have;
A = $19,580
Answer:
A.19
hope this helps! this seems like an easy question to me, is this a trick question??