Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
The amount is $7327.49 and the interest is $1327.49.
Explanation:
STEP 1: To find amount we use formula:
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
In this example we have
After plugging the given information we have

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.