audreydang5 audreydang5

22-04-2021
Mathematics

contestada

An amount of $4,000 is invested. The interest rate is 3.25%. What is the amount
of Interest earned in 6 years?

Respuesta :

thatnoscopetho thatnoscopetho

22-04-2021

Okay make an equation for compound interest. Y=4000(1+0.0325)^6. Solve in calculator and you get 4846.189065. Since it’s money, we round to the nearest tenth for cents, which is $4846.19. Please give me brainliest.

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