It would be 8,000 it's simple hope i could help
ANSWER
$1,413.81
EXPLANATION
The compound interest formula is given by:
Where P=900 is the balance in the account, t=10 is the number of years and r=0.0462 is the rate.
We substitute the values in to the formula to get:
This simplifies to:
Therefore $1413.81 will be in the account after 10 years.
It would be D because ur an employee and u need a handbook to see what ur handelling
Answer:
the final amount is = $280.51
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Given that;
Principal P = $200
Interest rate r = 7% = 0.07
Time t = 5 years
Final amount = A
Number of time compounded per year n = 1
Substituting the values;
A = 200(1+0.07/1)^(1×5)
A = 280.51
Therefore, the final amount is = $280.51
Answer:
k
Step-by-step explanation:
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