Question

4400 dollars is place in an account with annual interest rate of 8.25% How much will be in the account after 22years to the nearest cent

Answer 1

Answer: A = 4400(1 + 0.0825 x 22)

Step-by-step explanation:

A = accumulated amount

P = original amount  unloaded- $4400

r = rate - 8.25% = 0.0825

t = years = 22

= 4400(1 + 0.0825 x 22)