JamoniS735871 JamoniS735871
  • 30-10-2022
  • Mathematics
contestada

How much would $200 invested at 6% interest compounded annually beworth after 6 years? Round your answer to the nearest cent.ntA(t) = P1

How much would 200 invested at 6 interest compounded annually beworth after 6 years Round your answer to the nearest centntAt P1 class=

Respuesta :

AreebaZ34824 AreebaZ34824
  • 30-10-2022

Given:

[tex]A(t)=P(1+\frac{r}{n})^{nt}[/tex][tex]\begin{gathered} P=200 \\ r=6\%=0.06 \\ n=1 \\ t=6 \end{gathered}[/tex]

Substitute at the given function:

[tex]A(t)=200\cdot(1+0.06)^6=200\cdot1.06^6=283.7038[/tex]

Rounding the answer to the nearest cent

so, the answer will be 283.70

The answer is option

Answer Link

Otras preguntas

Plantea una hipótesis de por qué consideras que hubo un vínculo entre paramilitares, algunos políticos y grandes empresarios
what would you do if you were prime minister?​
The children did not want to wait until dinnertime
When or how do you use them to solve for the answer
4) Which equation represents a proportional relationship? A) y = 5 B) x = 3 C) y = 2x + 3 D) y = 1/4x
Do anyone know about the los tres cerdito three little pig?.
What political, economic, geographic and social impact has war had on the region of Southwest Asia?
What does the word "exaggerated" suggest as it is used in this sentence? Masks were painted in bright colors, with exaggerated features, so the entire audience
PLEASEEEE I NEEED IT RNNNNN
A formal tone is most appropriate to use in