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Use the expression to solve the problems. P(1 + r)t The amount that results when $4,000 is compounded at 6% annually over seven years. The interest earned in this case.

Use the expression to solve the problems. P(1 + r)t The amount that results when $4,000 is compounded at 6% annually over seven years. The interest earned in this case.
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1 vote
Use the expression to solve the problems. P(1 + r)t

The amount that results when $4,000 is compounded at 6% annually over seven years.

The interest earned in this case.

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User Tobby
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7.1k points

2 Answers

5 votes

Answer: A=4,000×(1+0.06)^(7)

A=6,014.52

Interest earned 6014.52-4000=2014.52

answered
User Amdmax
by
8.2k points
2 votes
A=4,000×(1+0.06)^(7)
A=6,014.52

Interest earned 6014.52-4000=2014.52
answered
User Nekita
by
7.9k points
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