Help me please.... please

Question

02-06-2021
Mathematics

Answered

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Help me please.... please

Sagot :

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carolin01alcarazo carolin01alcarazo · Answer 1 · 2021-06-04T06:51:45-04:00

Answer:

First, convert R as a percent to r as a decimal

r = R/100

r = 4.5/100

r = 0.045 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 2,500.00(1 + 0.045/12)(12)(8)

A = 2,500.00(1 + 0.00375)(96)

A = $3,580.91

Step-by-step explanation:

The total amount accrued, principal plus interest, with compound interest on a principal of $2,500.00 at a rate of 4.5% per year compounded 12 times per year over 8 years is $3,580.91.

Sagot :

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