Help it will really hep with summer school.

Mathematics

2 answers:

kolbaska11 [484]2 years ago

5 0

Answer:

Step-by-step explanation:

$\tt{ \green{P} \orange{s} \red{y} \blue{x} \pink{c} \purple{h} \green{i} e}$

MakcuM [25]2 years ago

3 0

Answer:

<h2> Hey, Option C is correct.....</h2>

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Answer:

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Suppose that $3000 is placed in an account that pays 16% interest compounded each year. Assume that no withdrawals are made from

Papessa [141]

Answer:

a) $3480

b) $4036.8

Step-by-step explanation:

The compound interest formula is given by:

$A(t) = P(1 + \frac{r}{n})^{nt}$

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Suppose that $3000 is placed in an account that pays 16% interest compounded each year.

This means, respectively, that $P = 3000, r = 0.16, n = 1$