2 1/2
9/4
2 1/12
12/11
Hope this helps you...
A = p(1 + r/n)^nt
p = principal
r = rate, change to a decimal
n = number of times it is compounded per year
t = time in years
A = 10,000(1 + .055/12)^(12*(44/12))
Since the time is in months and the formulas is in years, I put the (44/12) to represent the time. This will actually simplify to 44.
A = 10,000(1 + .055/12)^(44)
A = $ 12,228.77
Answer:
34
Step-by-step explanation:
