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TaraC
05.05.2020 •
Mathematics
If I invested $4500 at 10% compounded monthly. How much would be in the account in 3 years? Round to nearest cent
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Ответ:
$6,066.82
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
P = initial balance
r = interest rate (decimal)
n = number of times compounded annually
t = time
First, change 10% into a decimal:
10% ->
-> 0.10
Since the interest is compounded monthly, we will use 12 for n. Lets plug in the values now:
The balance after 3 years will be $6,066.82
Ответ:
A:-76.204
B:37.673
And the last one is "51"
Step-by-step explanation:
I just took the test on edge.