marcel3838
marcel3838 marcel3838
  • 26-04-2021
  • Mathematics
contestada

I just need help with setting up the first question

I just need help with setting up the first question class=

Respuesta :

abidemiokin
abidemiokin abidemiokin
  • 02-05-2021

Answer:

$12,155.06

Step-by-step explanation:

Using the compound interest formula;

A= P(1+r)^n

P = $10,000

rate r = 5% = 0.05

Time r = 4years

Substitute

A = 10,000(1+0.05)^4

A = 10,000(1.05)^4

A = 10,000(1.21550)

A = 12,155.06

Hence the amount after 4 years will be $12,155.06

Answer Link

Otras preguntas

Is the side length 7√+2 rational or irrational?
what is the difference between building a table in word and excel
In your local newspaper, you read an editorial supporting a local building initiative that will cost the town millions of dollars. After reading the article, yo
2. What effect does amount of water have on plant growth?Independent variable:Dependent variable:3. Does a student's bedtime effect a student's energy level?Ind
A display case is shaped like a cube. The edge length of the display case is 15 inches. a. Write a power that represents the volume (in cubic inches) of the dis
Which amendment protects us from illegal searches and seizures?
Simplify : -5 (10 + -2y ) -16
What happens when a tectonic plate gets subducted
The number of subsets Of {5, 20, 0, 7}
Peter has 100 dollars. His mom gives him x dollars more