Mathematics: How much would $400 be worth after 6 years, if were invested at 2% interest compounded annually? (use the formula below and round your answer to the nearest cent.) a(t)=p(1+(r)/(n))^(nt)

How much would $400 be worth after 6 years, if were

Ответ:

fixianstewart

01.06.2020

2% interest is the rate "r" but needs to be decimal form. r = 0.02

$400 is the principal amount P

because it's annual rate, n = 1
t = 6

A = 400(1+0.02)^(6)
A = 400(1.02)^(6)
A = 400(1.13)
A = 450.46

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Ответ:

elisakgarcia2007

27.11.2020

Mathematics

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How much would $400 be worth after 6 years, if were invested at 2% interest compounded annually? (use the formula below and round your answer to the nearest cent.) a(t)=p(1+(r)/(n))^(nt)

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