After 6 years the investment is $5555.88
Step-by-step explanation:
A principal of $3600 is invested at 7.5% interest, compounded annually. How much will the investment be worth after 6 years?
The formula used to find future value is:

where A(t) = Accumulated amount
P = Principal Amount
r = annual rate
t= time
n= compounding periods per year
We are given:
P = $3600
r = 7.5 %
t = 6
n = 1
Putting values in formula:

So, After 6 years the investment is $5555.88
Keywords: Compound Interest formula
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<u>Use the distributive property to solve. Multiply the two by every term in the parentheses and then combine alike terms.</u>
Answer: to find the mean add the numbers that were given then Divine by the amount of numbers you added. To find the median put all the numbers in numerical order and pick the middle one if it is an even amount of numbers than you pick the number exactly halfway between the two middle. To find the range you see how many numbers are repeated in which ever number is repeated the most amount of times that is the range.
Step-by-step explanation:
Answer:
3 = 3 (infinitely many solutions)
Step-by-step explanation: