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wolverine [178]
3 years ago
10

Edgar invested money as shown in the table below.

Mathematics
1 answer:
Mashutka [201]3 years ago
4 0

Answer:

$480

Step-by-step explanation:

I=PRT÷100

P=4000

R=6%

T=2yrs

I=4000x6x2 ÷100

I=$480

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we use the formula for accrued value (A) with compounded interest:

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A=P(1+\frac{r}{n})^{n*t}\\A = 6000(1+\frac{0.06}{2})^{16}\\ A= 6000(1+0.03)^{16}\\A = $9628.24

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