liliancalderon04 liliancalderon04
  • 24-08-2021
  • Mathematics
contestada

$600 invested with compound interest at a rate of 4% per year for 10 years
formula:M= P(1+i)^n

Relax

Respuesta :

FancyBun
FancyBun FancyBun
  • 24-08-2021
Answer: M = 2100$

Explanation:

M = P(1 + I)^n

P = 600$, I = 4% = 0.04, n = 10

=> M = 600(1 + 0.04)^10
M = 600(1.04)^10
M = 600(3.5)
M = 2100$
Answer Link

Otras preguntas

If a single species of squirrel evolved over time into 2 species on opposite sides of the grand canyon, we would call this an example of:
anybody know the answer???
What is the equation in slope intercept form of the line that is perpendicular to the given line and passes through the point -4,-3
If m<2=x+8 and m<3=2x+7, what is m<2? A.57 B.25 C.30 D.33
what is the largest four digit number in base 3?
Peter has 360 yards of fencing to enclose a rectangular area. Find the dimensions of the rectangle that maximize the enclosed area. What is the maximum​ area?
What is the value of b2 - 4ac for the following equation? x 2 + 5x + 4 = 0 9 16 25
When the hordes of aliens walk to the ballot box?
__________ is a short-term risk associated with tobacco use.
A 29-year-old pregnant woman has had severe vomiting for the last 2 days. today, she is vomiting large amounts of blood. her skin is cool and pale and she is ta