can i get some help plz? God bless ❤️
1 answer:
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1. add 40 to the 40 and 25
2. now you have
3. then you have
4. then square root
5.then round answer to nearest tenth which is
2. now you have
3. then you have
4. then square root
5.then round answer to nearest tenth which is
Answer:
The balance of account at the end of 36 years is $31,849.29
Step-by-step explanation:
We are given the following in the question:
P = $3,300
r = 6.5% = 0.065
t = 36 years
The compound interest is given by:
where A is the amount, p is the principal, r is the interest rate, t is the time in years and n is the nature of compound interest.
Since interest is compounded annualy we use n = 1
Thus, balance of account at the end of 36 years is $31,849.29