ryleestryker ryleestryker
  • 27-12-2020
  • Mathematics
contestada

123456 with an interest rate of 4.56% will be worth how much over 9 1/4 years

Respuesta :

cwang23
cwang23 cwang23
  • 28-12-2020

Answer:

186484.941

Step-by-step explanation:

y = a(b)^x

a: starting value

b: 1 + r

r = 4.56/100 = 0.0456

y = 123456(1.0456)^9.25

y = 186484.941

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