ivyheathers
ivyheathers ivyheathers
  • 01-08-2021
  • Mathematics
contestada

carol invests $6250 at a rate of 2% per year compound interest.
calculate the total amount Carol has after 3 Years

Respuesta :

Аноним Аноним
  • 01-08-2021

Answer:

6632.55

Step-by-step explanation:

P=A*(1+r/100)^x

P=6250*(1+2/100)^3

P=6632.55

Answer Link
S1NGH
S1NGH S1NGH
  • 02-08-2021

Answer:

$6632.55

Step-by-step explanation:

→ Find the multiplier

( 100 + 2 ) ÷ 100 = 1.02

→ Multiply the investment by the multiplier to the power of years

6250 × ( 1.02 )³ = 6632.55

Answer Link

Otras preguntas

how do you solve even number between 300 and 400 it is divisible by both 5 and 9 how you solve it
16 times what equals 320
Please can you help me with questions 1-6
what is a number mulitplyed by 8 and added by 6?
which is greater 14/25 or 60%
An analogy is a comparison that a. consists of words that share the same root. b. subordinates one word to another. c. contains words with multiple meanings.
solve algebraically 7a=63
A rock at the top of a 30 meter cliff has a mass of 25 kg. Calculate the rock’s gravitational potential energy when dropped off the cliff. Assuming that energy
Can someone plz help me with #4-8, I don't understand that much I already finished #1-3
HELP ME PLEASE IRE ALLY NEED HELP APO!? :)