SOLUTION: How much money will there be in the account after the given number of years for the following
P=$4,000 r= 4.5% COMPOUNDED MONTHLY, t= 3 years
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P=$4,000 r= 4.5% COMPOUNDED MONTHLY, t= 3 years
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Question 316658: How much money will there be in the account after the given number of years for the following
P=$4,000 r= 4.5% COMPOUNDED MONTHLY, t= 3 years Answer by nerdybill(7384) (Show Source):
You can put this solution on YOUR website! Compound interest formula:
Where
A is amount after time t
P is the principal
i is the interest
n is number of times compounded
t is time (in years)
.
Plug in what was given:
A = $4,576.99
