Register

$3,900 at 1% compounded annually for 6 years

$3,900 at 1% compounded annually for 6 years
asked 211k views
2 votes
$3,900 at 1% compounded
annually for 6 years

asked
User Dmitry Leskov
by
9.1k points

1 Answer

4 votes

_____________________________

A = P (1 + 1%) n

= 3,900 (1 + 1%) ⁶

= $4,139.92

_____________________________

answered
User Kshenoy
by
8.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!