document.write( "Question 1079195: Use the formula for compound interest to find A. A = Left parenthesis 1 plus r right parenthesis Superscript n(1 + r)n P = $30000, r = 0.14, and n = 4 years \n" ); document.write( "
Algebra.Com's Answer #693542 by Theo(13342) You can put this solution on YOUR website! the formula you are given is:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A = (1 + r) ^ n.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you are then given:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "P = 30,000 \n" ); document.write( "r = .14 \n" ); document.write( "n = 4\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "your formula is missing P.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "it should be:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A = P * (1 + r) ^ n\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "replacing variable with their values that you know, you get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A = 30,000 * (1 + .14) ^ 4\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "solve using your calculator to get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A = 50668.8048\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |