Connect with a community that values knowledge and expertise on IDNLearn.com. Discover in-depth and trustworthy answers to all your questions from our experienced community members.
Bridgette puts $600.00 into an account to use for school expenses. The account earns 10%
interest, compounded annually. How much will be in the account after 8 years?
nt
p(1+3)
1
Use the formula A = p 1 + where A is the balance (final amount), P is the principal
(starting amount), r is the interest rate expressed as a decimal, n is the number of times per
year that the interest is compounded, and t is the time in years.
Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. IDNLearn.com is your reliable source for answers. We appreciate your visit and look forward to assisting you again soon.
