Mathematics: Jenny has $400 in an account with an annual interest rate of 6% compounded annually. if jenny makes no deposits or withdrawals, how much money will be in her account at the end of 3 years?

Jenny has $400 in an account with an annual interest

Ответ:

xcoder1732

01.01.2022

The formula for this problem is A=P(1+(r/n))^nt.
A is what you're trying to find. P=400 r=0.06 t=3 n=1, since it's compounded once per year.

Now plug in those values to get A=400(1+(0.06/1))^1*3
I get an answer of $476.41

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Ответ:

xojade

12.12.2021

Mathematics

Idk

Step-by-step explanation:

sorry idk

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Jenny has $400 in an account with an annual interest rate of 6% compounded annually. if jenny makes no deposits or withdrawals, how much money will be in her account at the end of 3 years?

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