rustalex6045
11.06.2021 •
Mathematics
Ryan deposited $6,700 into an account at the Town Bank, earning 3.4% interest compounded annually. He made no deposits or withdrawals. Write and solve the equation to find the amount of money in his account after 4 years. Round to the nearest cent.
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Ответ:
The amount of money in his account after 4 years = $7,658.73
Step-by-step explanation:
If interest is compounded annually, then formula to compute amount :
As per given,
P= $6700 , r = 3.4% =0.034, n =4
Hence, the amount of money in his account after 4 years = $7,658.73
Ответ:
The answer would be 360 miles