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
Learn more about Compound Interest formula at:
#learnwithBrainly
It is the first choice. All you have to do is isolate A from 2A so you would divide by 2 and get A=bh/2
Answer:
it's A. sorry for the late answer
<span>It doesn't matter that she guessed correctly on the first two questions, guessing the third question correctly is independent of guessing any other question correctly. Therefore, the probability is one out of four, 1/4.</span>