2 years ago

Find the balance in the account. $800 principal earning 7%, compounded annually, after 4 years

2 answers:

8 0

Use the compound amount formula: A = P (1+r)^t

Here,

A = $800 (1+0.07)^4 = $800 ( 1.31) = $1048.64 (rounded off to the nearest cent)

scoray [572]2 years ago

6 0

800×(1.07)^(4) =1,048.63

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If you don't double check your answers by substituting them back into the original equation, you may be introducing extraneous solutions into the problem which is why you should always check to confirm your answer is accurate. I hope this helps! :)

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1 year ago

A customer hands you $3,850 in cash and would like to purchase 14 prepaid

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1 year ago

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4, 5, 27.

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2 years ago

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wolverine [178]

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Delvig [45]

Answer:

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98% confidence interval is (-0.105 , 0.265)

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2 years ago