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xbeatdroperzx
31.01.2020 •
Mathematics
Find the balance in the account. $800 principal earning 7%, compounded annually, after 4 years
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Ответ:
The answer is $1,048.64 rounded up to the nearest cent.
Ответ:
A = P(1 + r)ⁿ
Where P = Principal = $800, r = rate per year = 7% = 0.07, n = number of years = 4
A = P(1 + r)ⁿ
A = 800(1 + 0.07)⁴
A = 800(1.07)⁴ Use your calculator
A ≈ 1048.6368
A ≈ $1048.64
I hope this helped.
Ответ: