Mathematics: Chelsea invested $15,000 at 4% interest compounded annually. how much interest will she earn in 4 years?

Chelsea invested $15,000 at 4% interest compounded

Ответ:

arielpraczko1

01.01.2022

P = 15000, r = 4% = 0.04 per year, n = 4 years.

A = P(1 + r)ⁿ

A = 15000(1 + 0.04)⁴

A ≈ 15000(1.04)⁴ ≈ 17547.88

Interest = Amount - Principal = 17547.88 - 15000 =2547.88

Interest ≈ $ 2547.88

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Ответ:

twhalon72

14.04.2021

Mathematics

Step-by-step explanation:

The dividend is the number which is being divided and the divisor is what you divided by. An example is:

12 ÷ 3. The quotient is 4.

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Chelsea invested $15,000 at 4% interest compounded annually. how much interest will she earn in 4 years?

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