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
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Answer:
60
Step-by-step explanation:
-5(2×-6)
-5(-12)
60
It should be correct
Answer: Both Liam and Tehya
Step-by-step explanation:
Because 3^2 = 9
When you do (⅓)^2 what you are really doing is
(1^2)/(3^2) = 1/9
If you have (⅔)^2 you do
(2^2)/(3^2) = 4/9
Fractions get smaller because the denominator is also being squared which makes the denominator get bigger and when the denominator is bigger, you are dividing by a larger number which gives you a smaller answer. Whereas when you raise a whole number to an exponent, only the numerator get bigger because the denominator is 1 and 1 raised to any exponent is still 1
3^2 = (3^2)/(1^2) = 9/1 = 9
The rules of logarithms tell you ...
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