Amandahall1122 Amandahall1122

25-03-2020
Mathematics

contestada

Sammy has $500 to invest. Suppose he invests it for years with a compound interest of 3%. How much money will the investment be at the end of the four-year period? The formula is A = P(1+r)^t)

Respuesta :

raechelhepworth raechelhepworth

11-01-2021

Answer:

Plugging in the formula, you’d get 500(1+.03)^4

Therefore the answer would be $562.75

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