document.write( "Question 200104: Calculate the coumpound interest.
\n" );
document.write( "A(t)=P(1+r/n)^nt\r
\n" );
document.write( "\n" );
document.write( "How much would $200 invested at 4% interest compounded monthly be worth after 30 years? \n" );
document.write( "
Algebra.Com's Answer #150493 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! A(30)=200(1+.04/12)^12*30 \n" ); document.write( "A(30)=200(1+.003333)^360 \n" ); document.write( "A(30)=200(1.003333)^360 \n" ); document.write( "A(30)=200*3.3131 \n" ); document.write( "A(30)=$662.62 ans. \n" ); document.write( " |