rhondared1 rhondared1
  • 02-11-2018
  • Mathematics
contestada

6300 principal earns 6% interest compounded annually after 3 years what is the balance

Respuesta :

zrh2sfo
zrh2sfo zrh2sfo
  • 04-11-2018

Answer:

$6,300

Step-by-step explanation:

Where:

A = the future value of the investment/loan, including interest

P = the principal investment amount (the initial deposit or loan amount)

r = the annual interest rate (decimal)

n = the number of times that interest is compounded per year

t = the number of years the money is invested or borrowed for

Answer Link

Otras preguntas

Is there a polyatomic ion in calcium phosphide ?
a wrinkle in time: part A WHAT THEME IS DEVELOPED IN CHAPTER 11.
please help very easy...
How many pennies are in one nickle
Factor the perfect-square trinomial in y = (x2 + 2x + 1) − 1− 1. y = (x + )2 − 1 −1
Name at least four (4) of the Inca cultural and technological achievements.
Which of the following is NOT an independent country? A. French Guiana B.Venezuela C.Guyana D.Suriname
Maria has a 30-minute work break. During the break, she'll walk 3 minutes to another floor, say hello to 4 different friends spending equal time with each, and
Select the correct answer. Which of the following is a factor of production? OA skilled labor, such as engineers. O B. birthday cakes made by a bakery OC. finis
Find the side length s of the square. Please help