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2 years ago

Parker invested $7,800 in an account

Mathematics

1 answer:

just olya [345]2 years ago

4 0

Answer:

$A= $9389$

Step-by-step explanation:

$A=P\cdot \left(1+\frac{r}{n}\right)^{nt}$

$P=7800$

$r=1.7$

$t=11$

$A=7800\left(1+\frac{1.7\%\:}{1}\right)^{1\cdot \:11}$

$1.7\%\: = 0.017$

$A=7800\left(1+0.017\right)^{1\cdot \:11}$

$A=7800\cdot \:1.017^{11}$

$A=7800\cdot \:1.20373\dots$

$A=9389.12421\dots$

$A= $9389$

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