3 years ago

Manert’s grandfather put $4100 in the bank for him when he was born. The account has been

Mathematics

2 answers:

Vilka [71]3 years ago

4 0

Answer:

$19,793.57

Step-by-step explanation:

The compound interest formula tells you the balance is ...

A = P(1 +r)^t . . . . principal P earning rate r compounded annually for t years

A = $4100(1.065^25) ≈ $19,793.57

Manert has $19,793.57 now.

lora16 [44]3 years ago

3 0

Answer:

19793.57

Step-by-step explanation:

The formula is

A = P(1+r)^t

---

now we fill it in.

A = 4100(1+0.065)^25

A = 4100(1.065)^25

A = 4100(4.83)

A = 19793.57

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