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anonymous

  • one year ago

question about interest... attached below... will medal

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  1. anonymous
    • one year ago
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  2. anonymous
    • one year ago
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    @Nnesha @Michele_Laino @ganeshie8

  3. anonymous
    • one year ago
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    @pooja195

  4. anonymous
    • one year ago
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    @Nnesha

  5. Nnesha
    • one year ago
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    formula to solve \[\huge\rm A=P(1+\frac{ r }{ n})^t\] where `P`-principal starting balance `t`- time `r`-interest rate (we need in decimalso divide r by 100) `n`= number of compounded per year ( for compounded annually replace n with 1)

  6. Nnesha
    • one year ago
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    substitute p ,r n t solve for A

  7. anonymous
    • one year ago
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    so would it be $3,696.00

  8. Nnesha
    • one year ago
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    `correction` \[\huge\rm A=P(1+\frac{ r }{ n})^{nt}\] where `P`-principal starting balance `t`- time `r`-interest rate (we need in decimalso divide r by 100) `n`= number of compounded per year ( for compounded annually replace n with 1)

  9. Nnesha
    • one year ago
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    i didn't get that answer hmm

  10. Nnesha
    • one year ago
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    try again plz

  11. anonymous
    • one year ago
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    $3,712.05

  12. Nnesha
    • one year ago
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    show your steps what did you type into the calculator ?

  13. anonymous
    • one year ago
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    you can get really good interest calculators at here http://www.calculatorsoup.com/calculators/financial/ they helped me out a lot. They also tell you the equations to use.

  14. anonymous
    • one year ago
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    $ 3,574.37

  15. Nnesha
    • one year ago
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    \(\color{blue}{\text{Originally Posted by}}\) @Nnesha show your steps what did you type into the calculator ? \(\color{blue}{\text{End of Quote}}\) ^

  16. anonymous
    • one year ago
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    i didnt do it in my calc i just need u to check my answer

  17. Nnesha
    • one year ago
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    what's your answer ? i gave you the formula just plug in the numbers and use calculator why wasting ur time ? use the calculator instead posing answer choices

  18. Nnesha
    • one year ago
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    posting*

  19. anonymous
    • one year ago
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    $ 3,574.37

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