Mathematics: Now say you only have $1700 to invest and the highest interest rate you can find is 3.7% compounded annually. if you decide to wait 8 years to go on the trip, how much money will you have to spend on the trip? use the compound interest formula a = p (1 + i)n. (round final answer to the nearest cent, but otherwise don’t round any intermediate values)

Now say you only have $1700 to invest and the

Ответ:

nscarlisleh13

15.01.2022

$\bf \qquad \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+r\right)^{t}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$1700\\
r=rate\to 3.7\%\to \frac{3.7}{100}\to &0.037\\
t=years\to &8
\end{cases}
\\\\\\
A=1700(1+0.037)^8$

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Ответ:

modelingavakin

14.05.2023

Mathematics

18/60=x
0.30=x
30%=x

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