Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Omar has $6,000 in a savings account that earns 3% interest, compounded annually.To the nearest cent, how much will he have in 4 years?

Sagot :

Let's list down the information given in the question.

Principal (P) = $6, 000

Rate = 3% or 0.03

Compounding period (m) = annually = 1

\

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.