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3 years ago

Show workk plzzzzzzzzzzzzzz

Mathematics

1 answer:

Lady_Fox [76]3 years ago

3 0

Answer:

A. $4594.74

Step-by-step explanation:

To figure this out, use the equation A = P(1 + r/n)^nt. (A is the total principal (P) + interest; r is the decimal form of the annual rate (R), n is the compound, and t is the time in years)

Substitutions added

A = 4000((1 + 0.02/1)^(1(7))

Step 1: We can go on ahead and cancel both the division and multiplication by 1 here.

A = 4000((1 + 0.02)^7)

Step 2: Add 0.02 to 1.

A = 4000(1.02 ^ 7)

Step 3: Find 1.02 to the seventh power. (I rounded it for convenience)

A = 4000(1.14868)

Step 4: Multiply 4000 by 1.14868

A = 4594.74267

Step 5: This is important! Round that answer to the nearest cent.

A = $4594.74, which is A.

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