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weqwewe [10]
3 years ago
11

Chanelle deposits $7,500 into the bank. She does not withdraw or deposit money for 6 years. She earns 6% interest during that ti

me.
b. what will the balance be when she is finally able to withdrawal her money?
Mathematics
2 answers:
lozanna [386]3 years ago
8 0

Answer:

10,200 Dollars

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 6%/100 = 0.06 per year.

Solving our equation:

A = 7500(1 + (0.06 × 6)) = 10200  

A = $10,200.00

LiRa [457]3 years ago
3 0
10,200 dollars is the answer
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