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mr Goodwill [35]

3 years ago

13

* The value of x is: a) 4.2 b) 14 c) 18 d) 313 4 12

1 answer:

Lana71 [14]3 years ago

3 0

Answer:

do you have pictures that I can see

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RideAnS [48]

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You invest $300 at 4% interest, compounded every year. What will your balance be after 5 years? (Remember, the formula is A = P(

Stells [14]

$\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\dotfill\\ P=\textit{original amount deposited}\to &\$300\\ r=rate\to 4\%\to \frac{4}{100}\to &0.04\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{every year, once} \end{array}\to &1\\ t=years\to &5 \end{cases} \\\\\\ A=300\left(1+\frac{0.04}{1}\right)^{1\cdot 5}\implies A=300(1.04)^5\implies A\approx 364.996$

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3 years ago