novesparks
05.05.2020 •
Mathematics
You deposit $1295 dollars in a mutual fund that provides an average return of 8.4% interest compounded annually.
Find your account balance after 7 years.
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Ответ:
$2,277.5
Step-by-step explanation:
Hi, to answer this question we have to apply the compounded interest formula:
A = p (1+ r )^t
A = total amount (principal plus returns)
P = principal invest
r =interest rate (decimal form)
t = time (in this case years)
Replacing with the values given:
A = 1295 (1 + 8.4/100)^7
A = 1295 ( 1+ 0.084)^7
A = 1295 ( 1.084)^7
A = 2,277.5
Ответ:
12:7
12(2):7(2)
24:14
12:7 = 24:14