angeltx angeltx

23-03-2017
Mathematics

Answered

Use the given information to find amount A in the account earning compound interest after six years when the principal is 3,500 . R= 2.29%, compounded monthly

Verified Answer :

Aliwohaish12 Aliwohaish12

25-03-2017

A=p(1+i/m)^mn
A=3,500×(1+0.0229÷12)^(12×6)
A=4,014.98

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