kayanglin kayanglin
  • 18-06-2017
  • Mathematics
contestada

If you save 4,500 at an interest rate of 13 percent per year how much will you have at the end of 7 years

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 18-06-2017
Hi there
The formula of the compound interest is
A=p (1+r)^t
A future value?
P present value 4500
R interest rate 0.13
T time 7 years
So
A=4,500×(1+0.13)^(7)
A=10,586.72

Best of luck!
Answer Link

Otras preguntas

Which direct quote from "The School Days of an Indian Girl" provides the best evidence for the idea that Zitkala-sa was miserable at boarding school? a. "The an
D is in the interior of
What is the purpose of paragraph 19 in the excerpt from All the Light We Cannot See? A. to show how the radio can bring people together B. to highlight the
who created the first map of india
Explanatory writing is writing which supports an author's point of view on an issue .true false
explain how the eastern woodlands and the great plains were the same
Make an argument. What organs need to be irrevocably and permanently damaged for a person to be declared dead? Justify your answer.
Simplify the expression: (1 + 5h)(4)
what is the 7th term in the series? 15,35,55
please help me withthis its realy important that I get it right