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Charra [1.4K]
3 years ago
9

Complete the problems. (From Example 2)

Mathematics
1 answer:
Zarrin [17]3 years ago
7 0

Answer:

<u>Compound</u><u> </u><u>interest</u><u> </u><u>is</u><u> </u><u>$</u><u>7</u><u>,</u><u>0</u><u>3</u><u>7</u><u>,</u><u>3</u><u>3</u><u>9</u><u>.</u><u>2</u>

Step-by-step explanation:

{ \boxed{ \bf{A=P(1+ \frac{r}{100} ) {}^{n} }}}

substitute:

{ \sf{ = 50000(1 +  \frac{6.4}{100}) {}^{10}  }} \\  \\  =  { \sf{50000(1.64) {}^{10} }} \\  \\ { =  \sf{7037339.2}}

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