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ptrlvn01
25.03.2021 •
Mathematics
Samantha invested $660 into an account that paid 3.5% interest compounded annually. Samantha did not make any additional deposits or withdrawals
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Ответ:
c
Step-by-step explanation:
Here is the complete question
Samantha invested $660 into an account that paid 3.5% interest compounded annually. Samantha did not make any additional deposits or withdrawals
What is the total amount of interest paid by this investment at the end of five years?
A- $115.50
B-$783.87
C-$123.87
$2,755.50
Interst = future value - amount invested
amount invested = $660
Future value = A( 1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$660 x ( 1.035)^5 = $783.87
Interest = $783.87 - $660 = $123.87
$
Ответ:
Thanks for the free points take a meme you prolly mught understand or not
Step-by-step explanation: