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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Answer:9.5
Step-by-step explanation:
Gabrielle's age is 3x (in which x is mikhail's age)
the sum is 56 so 3x+x=56
3x+x=56
4x=56
x=14
since x was mikhail's age, mikhail is 14 years old
Answer:
439.2 miles
Step-by-step explanation:
multiply the days she traveled to the amount of mile she traveled a day
8×59.4 =439.2 miles