SOLUTION: $5000 is invested at 4.3% annual interest. How much will the investment amount to in 12?
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Question 452474: $5000 is invested at 4.3% annual interest. How much will the investment amount to in 12?
Answer by Cabdiqafaar(9) (Show Source): You can put this solution on YOUR website!
Given
P=$5000
r=4.3%=0.0043
n=12
wanted
A=?
Formula
A=p(1+r)^n
A=5000(1+0.0043)^12
A=5,264.19001
the amount will be after 12 years
A=$5,264.19001
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