Step-by-step explanation: If it is one where it is for an important person, make anyone available do it. If it's very complicated, get your smartest person do it. Not very complicated, ask for anyone who is up for the job.

7 0

3 years ago

$100 is invested at 12% per year. If the amount is compounded annually, write the total amount after 2 years in exponential func

Sladkaya [172]

Answer:

A = $100(1.12)^2

Step-by-step explanation:

The standard formula for compound interest is given as;

A = P(1+r/n)^(nt) .....1

Where;

A = final amount/value

P = initial amount/value (principal)

r = rate yearly

n = number of times compounded yearly.

t = time of investment in years

For this case;

P = $100

t = 2years

n = 1

r = 12% = 0.12

Substituting the values, we have;

A = $100(1+0.12)^(2)

A = $100(1.12)^2

7 0

3 years ago