Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

Adorkable

  • 3 years ago

Compound Interest What is the accumelated amout if $500 is invested at 4.3% per annum compounded annually for 6 years? Please show work and explain. Thanks.

  • This Question is Closed
  1. ChmE
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    \[A=P(1+r)^n\] http://math.about.com/library/weekly/aa042002a.htm

  2. ChmE
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    \[A=500(1+0.043)^6\]

  3. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy