2 years ago

Which investor is making a common investment mistake

Mathematics

1 answer:

stellarik [79]2 years ago

7 0

Answer:

Constantly watching the markets

Step-by-step explanation:

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Need Help Please!!!!!!!

marshall27 [118]

ANSWER

$1,413.81

EXPLANATION

The compound interest formula is given by:

$A=P(1+r\%)^t$

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:

$A=900(1+4.62\%)^{10}$

$A=900(1.0462)^{10}$

This simplifies to:

$A=1413.81$

Therefore $1413.81 will be in the account after 10 years.

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Step-by-step explanation:

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